Author Topic: CDs Maturing - What to do now?  (Read 822 times)

nobody

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CDs Maturing - What to do now?
« on: August 08, 2020, 12:19:27 PM »
I have a couple of CDs maturing @ 2.85%.  One is maturing in the next few days, ~$26k, and now rates are at ~1%...  :(  I don't need that money anytime soon.  What to do with it now?

blue_green_sparks

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Re: CDs Maturing - What to do now?
« Reply #1 on: August 09, 2020, 10:20:09 AM »
I had a couple of nice 3.5%, $100K CD's mature a few months ago. One went into an online purchased, B+ rated,  3 year fixed annuity at 3.25% with Gainbridge. The other went to buy shares of VTI. I am curious to see which investment does better in 36 months time, LOL. These low interest rates plus inflation make it tough to stay completely away from the market.

nobody

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Re: CDs Maturing - What to do now?
« Reply #2 on: August 10, 2020, 09:30:27 PM »
Hmm... never looked into annuities.  Agreed on the low interest rates and inflation sentiment, but the market seems so inflated at the same time.

ChpBstrd

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Re: CDs Maturing - What to do now?
« Reply #3 on: August 11, 2020, 10:46:00 AM »
Pay off your mortgage?

Finances_With_Purpose

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Re: CDs Maturing - What to do now?
« Reply #4 on: August 24, 2020, 05:39:58 PM »
I'm dealing with a similar issue with some money I manage.  There's just not a great option.  You can either move farther up the risk curve (stocks), sit on cash hoping that inflation stays low (status quo) and you'll have dry powder for whatever opportunity arises, or you suck up low returns and a decent chance that inflation goes up, eating away further.  There are few good options for risk-averse savers.