No. of Recommendations: 1
"Lokicious, thanks for the link, but it is for 5 year CD's. I am looking for a one year CD. The difference between 4.76 and 5 % does not seem worth tying up my money for 5 years. "

Sorry. Rushing through and missed the 1-year part.

Yes, longer interest rates have been going up, though a strong increase in 5-year Treasuries and TIPS fixed rates has not been reflected in a general rise in 5-year CD rates. Short term rates are more directly linked to what the Fed does.

We saw an increase in 10-year Treasuries up to 4.5% yields about 18 months ago (I didn't bother to check the dates), which was followed by a retreat, I beleive, to below 4%, before the more recent increases.

A lot of us decided, a few years ago, to go for shorter maturities on CDs because long term rates were so low. We regretted it, as rates stagnated or even got lower. At this point, with a bunch of stuff to rollover in 2-4 months, I'm hoping rates don't go down from where they are now.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.