Quote:
Originally Posted by Maxwell76
Has there been any updates reflecting Capital One's new 5.40% 7-year CD?
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I think CD rates are for a different forum but:
I would not be one to lock in for such a long term on a CD rate this low when everyone knows the FED and the market are going to have to increase rates to quash inflation like in the 80's. I remember my grand mother being annoyed at the paltry 6% the bank was offering when her 10 year CDs came of for renewal in the mid 90's. She had a rate of something like 10-12%!!!
Go online high yield or short term CDs. I've got a few 5% at a term of 4 years and the rest in high yield online savings for when rates are higher.