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re: Bank CDs
Posted on 12/7/23 at 7:53 pm to RunnersWorld
Posted on 12/7/23 at 7:53 pm to RunnersWorld
My Vanguard Money Market is giving 5.29% 7 day SEC yield. That is getting more than most CD's I've seen. Am I missing something or not calculating something correctly?
2
Posted on 12/7/23 at 8:49 pm to secondandshort
quote:
My Vanguard Money Market is giving 5.29% 7 day SEC yield. That is getting more than most CD's I've seen. Am I missing something or not calculating something correctly?
It’s fine, but it’s going to go down just like it went up. CDs protect the income for some savers.
Posted on 12/8/23 at 12:46 pm to secondandshort
quote:
That is getting more than most CD's I've seen. Am I missing something or not calculating something correctly?
The CD locks in its rate for the term, often a year or more. Your money market fund's rate is good today only; might go up or might do down. Many are predicting lower interest rates in the spring.
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