I talked to a rep from PenFed this week. She said they had such an influx of money in January that they didn't need to have another "fire sale". We were betting on that happening, so went with the 5.5% for 4 & 5 years at Natl. Bank of Kansas City.We were able to fill in the $ amounts and time frame to fix the hole in the CD ladder. Still have funds due in Dec. from World Savings. Since the sale of World to Wachovia in Florida will be finalized early next year, I don't see any great rates from them in the future...but I'd like to be wrong. On a side note to your post Loki....it does make me wonder what people are going to do when they realize the piggy bank has just been emptied. Going to be interesting times ahead.