Boone & Crockett - 9/22/2022 07:29
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.
These short term treasuries would be an excellent parking lot for short term cash as long as you hold them to maturity. These rate increases are not over, by a long stretch. As they mature, could very likely continue to reinvest the balance into higher and higher returns for the foreseeable future, say mid 2023.
question on cd rates
