Who else likes the idea of a CD ladder?
I'm in the middle of using my discretionary income to build one; four 12-month CD's, each maturing about 3 months apart, plus some cash in my standard savings account. I've been wanting to increase my emergency fund to cover a full year of living expenses, and this made the most sense for me.
Posted: 03/28/2024 at 01:27 PM ET
Thread Replies (7)
Who else likes the idea of a CD ladder?
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-- Tank
Mar 28, 2024 at 01:27 PM ET
Tank
•
03/28/24 01:27 PM ET
Some banks have something called CDARS which will give you a 4+% rate,
-- Hokebury
Mar 29, 2024 at 11:40 AM ET
Hokebury
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03/29/24 11:40 AM ET
Why buy bank CDs when treasury rates
-- GreenvilleVT
Mar 28, 2024 at 02:30 PM ET
GreenvilleVT
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03/28/24 02:30 PM ET
Convenience and accessibility. The same reason I'm
-- Tank
Mar 28, 2024 at 02:39 PM ET
Tank
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03/28/24 02:39 PM ET
Fidelity SPAXX money market fund is paying 4.97% right now
-- Tafkam Hokie
Mar 28, 2024 at 03:23 PM ET
Tafkam Hokie
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03/28/24 03:23 PM ET
You can also find high-yield online savings accounts paying over 5%.
-- MP4VT2004
Mar 29, 2024 at 12:18 AM ET
MP4VT2004
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03/29/24 12:18 AM ET
It takes about 10 minutes on the treasury.gov website. **
-- GreenvilleVT
Mar 28, 2024 at 02:40 PM ET
GreenvilleVT
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03/28/24 02:40 PM ET
Seems like it wouldn't support much weight without reinforcement
-- GoobyPls
Mar 28, 2024 at 02:14 PM ET
GoobyPls
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03/28/24 02:14 PM ET