re: are cd's a good idea?

quote:

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Your grandparents are probably remembering a time when CDs yielded 5-6%. However at this time mortgages were also likely in the 8-10% range. People don't always acknowledge the big picture when talking about "The good ole days."

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5-6%? Try 14%+ on a 1 year CD at some S&Ls (early 80's). And I think the first time that I got a 30 year fixed rate under 10% was around 1986 or so.

You dang young whippersnappers! But we understand your point. Also, one has to look at real interest rates, so include inflation as you look at the various rates.