Quote:
Originally Posted by Boogaloo
As far as the CD ladder is concerned, do I rate chase here? or is that pretty much the going rate for a 6mo cd?
And, is it better to keep my the ladder at MY bank since it is really not about the rate, but more about the EF and earning 5 times what the current rate is for a basic savings account?
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Either way is fine but it is very simple today to "rate chase." You can go to bankrate.com and pull up a list of the top CD rates nationwide. Most banks let you do everything online so you can literally purchase a CD and fund it straight from your checking account in about 10 minutes tops. I just checked and it looks like 1.25% is the top rate, so that is a lot better than 0.6%. Despite what I said about the EF not being about the rate, it seems a little silly to me to take a rate that is less than half of what you could be getting.