If ya'll wanna invest money without risk, ya'll should consider CD's since the rates are great now

[Amo Husserl]

Was thinking about a CD last night.
Going to continue stacking first. I got money I can put to the side later.
Was even thinking about copping a few notes.
Taxes and variable rates gotta make me do my homework first.
Need to build my hard assets before I mess with the market again.

 

[Sad Bunny]

The real question is what do u do up that allows you to have 40k in cash that you don't need ?

Save your money.

Most people get paid then blow it all.

 

[USMaroon]

Why bother with CD's and locking up your money for months or year (s) at a time? Not a worthwhile investment especially if you live high ass tax state like NY/CA etc. Good portion of the earnings will get wiped out in state taxes (~15%). If fed raises interest rates again, you might* miss out on the newer higher rates since your money is tied for 12-13m. I find it better to park my money in short term T-bills (3 or 6m) and save on both. No long term commitments and no state taxes. Why wouldn't you opt for that route instead? Take a look at the Fidelity's (my primary broker) fixed income page and you can find 1y CD paying 5.10% and 3m T-bills paying 4.82%: Fidelity Fixed Income. For that .3% (less than half of 1%) diff, I rather keeps my money free after 3m than lock it up for a whole year. Yes, I know you think/say you dont need the money for the next year.

On the other hand, you can also look at Ally bank high yield CD for 12m 4.25% or 18m 5.00% as of today Ally. They all you to withdraw your money and close your account without penalty if you had to. Not saying you're making bad choices, I am sharing what works for me, what I do and what I would do in your position.

 

[Premeditated]

I literally opened a new cd yesterday at boa

the 13 month plan. put like 12k there. i think the rate is 3.9% or something

lets see how that turns out a years from now

 

[Chrishaune]

That’s smart, personally though, I invest my money into gold and silver. Got a safe filled with a few gold and silver bars right now that I’m trying to add to.

Something you can pass down to family and isn't affected by inflation..

 

[beenz]

The real question is what do u do up that allows you to have 40k in cash that you don't need ?

because I spend less than I make every month and don't blow my excess money on bullshyt.

 

[beenz]

Shoutout to all my ppl who locked in those cheap rates back in 2020/2021.

that'd be me. when I bought this house back in 2015, I had a 4.125% interest rate, but in 2021, I refinanced it down to 3%. I'll never have to refinance again as long as I own this house.

 

[beenz]

For the first 10K, holla at some US GOVT BACKED Ibonds

Latest World & National News & Headlines - USATODAY.com

USA TODAY delivers current national and local news, sports, entertainment, finance, technology, and more through award-winning journalism, photos, and videos.

www.usatoday.com

these are great as well. I just didn't want to create a new account to send my money. also, my money isn't as readily available if I send it to the govt vs using the savings products at my banks.

 

[beenz]

Where should we get these CD's from???

all banking institutions have them. the rates vary by bank, so just google the savings rates for whatever bank u have and decide if u wanna cop one.

 

[UncleTomFord15]

Online CD Savings Accounts & Interest Rates | Capital One

Open an online Capital One 360 CD to earn an interest rate with guaranteed yield. Compare our CD terms and annual yield rates. Enjoy the protection of FDIC insurance and zero market risk with an online CD account.

www.capitalone.com

Three plans for anyone who can't open link...

4.75 % APY
1 year online CDs
4.75% Annual Percentage Yield (APY)

4.30 % APY
2 year online CDs
4.30% Annual Percentage Yield (APY)

4.10 % APY
5 year online CDs
4.10% Annual Percentage Yield (APY)

 

[Trojan 24]

High Yield Savings accounts are now in the 4% range, don’t even need a CD unless the rate is significantly higher. AMEX High Yield is at 4 right now, no need to park your money for a defined period

Standout Online Savings Accounts - NerdWallet

excellent savings accounts

www.nerdwallet.com

 

[Regular Developer]

Eww, under 5%? I have the friend i met on social media who can guarantee me 80% growth if I invest my life savings of 1k with him and his wife. Just the other day they were posting about the new his and her lambos they got for the beachfront house in Malibu...











And before anybody asks who, it was a joke... please don't listen to anybody that promises you that high a return with a money back guarantee

 

[UncleTomFord15]

TMUBMUSD03M | U.S. 3 Month Treasury Bill Overview | MarketWatch

TMUBMUSD03M | A complete U.S. 3 Month Treasury Bill bond overview by MarketWatch. View the latest bond prices, bond market news and bond rates.

www.marketwatch.com

3 month treasury bills are over 5 percent

 

[Skooby]

I'm going to open up a 12-Month CD at the start (or end) of every month until I get all 12 months. That way, money is freed up every month to either put more in and reinvest or take it out and use it.