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Author: Lokicious Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35392  
Subject: Re: Fixed Income Ideas Date: 2/23/2005 8:27 AM
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From a previus post by Terry:

"You Might want to take a look at Bankrate.com and follow the link to CDs.

www.bankrate.com/gookeyword/default.asp#


I don't know if there's a general site for rates at credit unions, which are sometimes better. The Pentagon Credit Union has recently been the best anyone has found, and can be joined by anyone who contributes to a charity for Vets.

As to current rates, at my credit union, which tends to be on the high side, 1-year CD is now 3.15% APY, 5-year is 4.6%, with a fairly linear range in between (and .25% bonus for CDs over $100,000). I have no idea what things will be like in a year: Vanguard's guru (see link in previous post) expects rates on long T-bills to be .25% to .75% higher than now (4.5%-5%). But that assumes the prediction of 3.5% growth holds and there isn't a panic on the bond markets. At this point, I'm working on the hypothesis that keeping money in shorter CDs (unless needed for liquidity) isn't going to be a winning strategy, because rates will have to go up a lot to make up for lower interest while you wait.


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