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Supersnoop25 t1_jeffeg9 wrote

What rates are you seeing for either? To me it seems like almost no cds are worth it right now as you can get over 4% in hysa or money market funds. Also how long will you not need the money?

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maccc095 OP t1_jefhfna wrote

I found a couple 14 or 18 month CDs for 5%. Will also be opening a HYS for the rest of my savings, should I put it all in one bucket instead? Don’t need the money for the foreseeable future, no big purchases or anything down the pipeline. Haven’t touched the money in the 5+ years I’ve had it (bad I know I could’ve been making money on it)

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Supersnoop25 t1_jefhw8j wrote

Basically you can't really make a mistake here. 5% cd is pretty good. Personally If it's some fixed income like this I like to have the ability to take it out whenever so I have a pretty large amount in money market funds. Basically cash sitting in an brokerage account making 4.5%.

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CyanocittaAtSea t1_jegk64o wrote

Hey, don’t beat yourself up over it — everyone has their own starting point! And having saved 50k is no small accomplishment, so that’s something to be proud of on its own.

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myburneraccount1357 t1_jefytq0 wrote

Marcus currently has a promo for 10-month CD at 5.05%

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maccc095 OP t1_jeg8ps7 wrote

Any advantages to choosing a shorter term at the slightly higher rate?

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myburneraccount1357 t1_jeg9mkp wrote

From my knowledge, it’s advantage would be you can get your money sooner and reinvest it into something else after, and maybe rates get higher up after those 10 months.

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