My 1 year CD just matured at 5% APY and I want to buy a 9 month CD at 5.75% APY but my partner says 'hold off' because interest rate will increase in Jan 2024 because people are starting to borrow money now and banks will need more money to lend, therefore they wil offer higher CD rates. Is he right?

by Anonymous

reply 25

December 9, 2023 12:35 AM

Stupid as you are, asking here is even more stupid.

You should be locking in the better rates NOW.

by Anonymous

reply 1

December 8, 2023 9:17 PM

No one know whether rates will be going up or down. You can look at futures, but futures are just a guess.

by Anonymous

reply 2

December 8, 2023 9:40 PM

Oh, I’m sure CD rates are down compared to streaming nowadays

by Anonymous

reply 3

December 8, 2023 9:42 PM

Let's see, you're willing to forgo an unknown number of months of interest waiting to see if you can make a small percentage more on 9 months of interest?

by Anonymous

reply 4

December 8, 2023 9:43 PM

T bill rates beyond 13 weeks are softening right now so that's an omen that CD and money market rates will come down as well. But it all depends on the Fed and ongoing profiteering...I mean inflation of course.

by Anonymous

reply 6

December 8, 2023 9:51 PM

R6. Inflation is just a tick above the 2% target…unemployment is at 3.7%. The Fed is done raising rates. In what dream world do you live in?

by Anonymous

reply 8

December 8, 2023 10:00 PM

Fed will probably hold steady or decrease rates.

by Anonymous

reply 9

December 8, 2023 10:14 PM

The rates will eventually start to decrease but when we no one knows.

Better to start earning today instead of chasing a rate that may increase marginally.

by Anonymous

reply 10

December 8, 2023 10:38 PM

I made $300 in interest on my checking account balance last month!

by Anonymous

reply 11

December 8, 2023 10:42 PM

I think rates will stay the same for a while, then slowly go down little by little. Better to lock in that rate now OP, think of all of the OnlyFans content creators you could pay with that cash!

by Anonymous

reply 12

December 8, 2023 10:45 PM

Who’s offering 5.75% OP? My bank is only offering 5%.

by Anonymous

reply 13

December 8, 2023 10:49 PM

gurls, you can T-Bills through your brokers, or directly

Offsite Link

by Anonymous

reply 14

December 8, 2023 10:52 PM

Call Fischer Investments bitch-ass

by Anonymous

reply 16

December 8, 2023 10:53 PM

Forbright Bank, R13.

Some of y'all haven't seen a cock (not even your own) in quite awhile, and it shows.

by Anonymous

reply 17

December 8, 2023 11:08 PM

There are numerous HYSAs that are over 5% and you don't have to lock up your money with them.

by Anonymous

reply 18

December 8, 2023 11:47 PM

I’ve got some money in a treasury bond fund that is maturing in a few weeks. (In addition to my individual ibonds) Rates are still good, but there’s a sizable tax burden on the gains. My plan is to move the funds into municipal bonds now. If you are in a high tax bracket, 5% tax free is the equivalent of 7% for a taxed fund.

by Anonymous

reply 19

December 9, 2023 12:09 AM

[quote] There are numerous HYSAs that are over 5% and you don't have to lock up your money with them.

If interest rates start to fall, which surely they will, those HYSA's aren't going to keep paying high rates, the point is to lock in a high rate before rates drop.

by Anonymous

reply 20

December 9, 2023 12:17 AM

Yeah the HYSA’s are only good when they are good. My Amex HYSA loves me now, but I remember when it was paying less than half of a percent, and it’ll be back to that in what will seem like no time. Keep your if you get fired money in one, but it isn’t a real investment.

by Anonymous

reply 21

December 9, 2023 12:21 AM

[quote] My Amex HYSA loves me now, but I remember when it was paying less than half of a percent

When it was paying less than half a percent, it wasn't a HYSA.

by Anonymous

reply 22

December 9, 2023 12:25 AM

[quote]I made $300 in interest on my checking account balance last month!

R11 - This means that you are carrying $10,000 to $15,000 in your checking account. You need to move most of that money out into other financial instruments to maximize your return/earnings. Nevertheless, CONGRATULATION on being a SAVER rather than a SPENDER!

by Anonymous

reply 23

December 9, 2023 12:27 AM

.4 is still better than .02 R22. It may not have been high yield, but it was still higher yield at the the time. As I said it’s not an investment.

by Anonymous

reply 24

December 9, 2023 12:30 AM

[quote]U.S. Federal Reserve officials appear on track to end the year with interest rate hikes as a thing of the past but with a coming challenge over when and how to signal a turn to rate cuts that investors, politicians and the public may demand before the central bank is ready.

Lock in your rate now.

by Anonymous

reply 25

December 9, 2023 12:35 AM