coup - 9/22/2022 06:59
johnwayne360 - 9/22/2022 05:52
before the rate hike yesterday, several banks were running specials on 27,37, and 47 month cds. 24 month was .8%. 27 month was 2.4% just struck me as odd having that big of a difference between the two, even though one is only 3 months longer than the other. This was the case at at least 2 banks, might have been three, i cant remember for sure. Is there any explanation for this? I just had a small amount of money i wanted to have available in a certain time frame, and i cant find any other low risk place to put it for now.
4 week Treasury last week was around 2.7 %
8 week around 2.9%
No state income tax on these.
Can you explain how the 4/8/13/26/52 Treasury Bills work? Is there a risk of losing money? Or is it a guaranteed 2.7% return on your money?
question on cd rates
