• sugar_in_your_tea@sh.itjust.worksM
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    11 months ago

    Brokerages have them, but they’re not call protected. I am seeing 3-year call protected CDs going for 4.6% or so, so I think banks are thinking rates will stay high about that long.

    • OpticalMoose@discuss.tchncs.de
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      11 months ago

      Good observation. I’m happy with my money market accts(~5%). But I figure banks have access to a lot more info than we do, so I look at CD rates as an indicator.

      As far as actually investing in one, I had a CD back in the 90’s and didn’t like it. It’s just not my thing. I’m a stock guy.

      • sugar_in_your_tea@sh.itjust.worksM
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        11 months ago

        Same. I’ve only had one CD, and that was a no penalty CD to hold onto some cash for someone.

        I pay state income tax, and t-bill rates are almost always better than CD rates (at least recently) after accounting for state tax rates. So I buy t-bills on autoroll in my brokerage (which is my main bank) with most of my cash, and the rest sits in a money market fund.

        I haven’t seen much point, but rates are currently pretty good and I’d probably get them if I didn’t have state income tax.