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Learning, Sharing, and Teaching => Investor Alley => Topic started by: nobody on August 08, 2020, 12:19:27 PM

Title: CDs Maturing - What to do now?
Post by: nobody 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?

Title: Re: CDs Maturing - What to do now?
Post by: blue_green_sparks 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.

Title: Re: CDs Maturing - What to do now?
Post by: nobody 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.

Title: Re: CDs Maturing - What to do now?
Post by: ChpBstrd on August 11, 2020, 10:46:00 AM

Pay off your mortgage?