Showing posts with label CD. Show all posts
Showing posts with label CD. Show all posts

Sunday, February 03, 2008

The fall of interest rates

Although old news, the rate at which Feds are reducing the interest rate has a tell tale sign on the rate of CDs. unfortunately one of my CDs is maturing this month end and i am struggling to find a good enough rate. The CD was for 6 months and it had 5.50% APY. In six months time i cannot find that rate anymore. Things have changed so quickly. Lesson: Next time around, when the rates are higher, i will lock down the money for a longer period of time (at least for two). As for the CD that is maturing, i will put it again for a 6 months CD at what ever rate i get.