No. of Recommendations: 1
I think we need to take into account the form of the question being asked in formulating a response. What may be ideal may be more complex than the questioner is seeking. I think Russ's simple advice of a 5 CD for money needed in 5 year is likely to be the answer sought, because such a CD is easy to buy. Whether to sell and rebuy should rates go up requires a cost/benefit analysis, albeit a fair simple one, so the questioner might prefer to buy a 5 year CD and be done with it, though that may not be ideal.

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