Quote:
|
Originally Posted by Sweepsplayer
GMAC's 1-year CD is 5.3%. 6-month is 5.1%. Very good rates. I like JoyJoy's suggestion to ladder. You could put most of the money in the money market (4.75%) and some in a CD every month until it's all laddered.
E*Trade's rates are very competitive too. 6-month is 5.21%. 1-year is 5.3%. |
---------------------------------------------------------------------------------------------
I should buy a CD every month? How much should each one be? What intervals? 3mo, 6mo, 9mo, 12mo, 15mo, 18mon, etc. like that? That's what I thought. Correct me if I'm wrong. Any suggestions would be appreciated and considered from all, thanks.