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CD 4.85 for 12 months #7729415
11/28/22 09:35 PM
11/28/22 09:35 PM
Joined: Feb 2014
Posts: 13,058
Ky
J
jbyrd63 Offline OP
trapper
jbyrd63  Offline OP
trapper
J

Joined: Feb 2014
Posts: 13,058
Ky
I said I would post what I found out about cd rates. 4.85 for 12 months was one of the best rates my financial lady had this morning.

Re: CD 4.85 for 12 months [Re: jbyrd63] #7729439
11/28/22 09:59 PM
11/28/22 09:59 PM
Joined: Aug 2010
Posts: 10,787
Asheville, NC
C
charles Offline
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charles  Offline
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Joined: Aug 2010
Posts: 10,787
Asheville, NC
Sounds OK to me. I don't trust the financial market right now. May take my Minimum Required Distribution in January so I won't have to sell as many shares as I might if the market drops. Did that last year as well and didn't get hurt.

Wife and I are 72 and 76.

Last edited by charles; 11/28/22 10:02 PM.
Re: CD 4.85 for 12 months [Re: jbyrd63] #7729450
11/28/22 10:05 PM
11/28/22 10:05 PM
Joined: Jan 2016
Posts: 10,007
WI - Wisconsin
A
AJE Offline
trapper
AJE  Offline
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A

Joined: Jan 2016
Posts: 10,007
WI - Wisconsin
That's a great rate jbyrd.
3.25 is the best rate my institution is currently offering.

Re: CD 4.85 for 12 months [Re: AJE] #7730481
11/29/22 11:37 PM
11/29/22 11:37 PM
Joined: Dec 2006
Posts: 11,294
East-Central Wisconsin
B
bblwi Offline
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bblwi  Offline
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B

Joined: Dec 2006
Posts: 11,294
East-Central Wisconsin
What is the minimum principal?

Bryce

Re: CD 4.85 for 12 months [Re: bblwi] #7730533
11/30/22 01:23 AM
11/30/22 01:23 AM
Joined: Jan 2016
Posts: 10,007
WI - Wisconsin
A
AJE Offline
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AJE  Offline
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Joined: Jan 2016
Posts: 10,007
WI - Wisconsin
Originally Posted by bblwi
What is the minimum principal?

Maybe that is the catch

Last edited by AJE; 11/30/22 01:24 AM.
Re: CD 4.85 for 12 months [Re: jbyrd63] #7730540
11/30/22 03:45 AM
11/30/22 03:45 AM
Joined: May 2009
Posts: 15,539
Champaign County, Ohio.
K
KeithC Offline
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KeithC  Offline
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Joined: May 2009
Posts: 15,539
Champaign County, Ohio.
For 2022, the average rate of inflation by month, starting in January is. 7.5 7.9 8.5 8.3 8.6 9.1 8.5 8.3 8.2 7.7.

If inflation rates stay similar, at a 4.8% rate of return, your money will lose a lot of it's buying power.

Keith

Re: CD 4.85 for 12 months [Re: jbyrd63] #7743924
12/14/22 09:49 PM
12/14/22 09:49 PM
Joined: Jan 2016
Posts: 10,007
WI - Wisconsin
A
AJE Offline
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AJE  Offline
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Joined: Jan 2016
Posts: 10,007
WI - Wisconsin
The federal rate went up today. I'll see if I can find a better CD rate now. It sounds like the rate is going to go up again but I'm not sure when the next decision will be made by the Fed

Last edited by AJE; 12/14/22 09:50 PM.
Re: CD 4.85 for 12 months [Re: jbyrd63] #7743995
12/14/22 11:11 PM
12/14/22 11:11 PM
Joined: Mar 2007
Posts: 8,879
Central MN, sort of old
MnMan Offline
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MnMan  Offline
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Joined: Mar 2007
Posts: 8,879
Central MN, sort of old
I can remember in 1971 or '72 when it was 15% on a $15,000.00 CD. I think for 12 months.


I'm just happy to be here! Today I'm as young as I'll ever be and and older than I've ever been before!
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