Hello all,
I have a 2-year CD with Ally where the interest rate is locked in at 1.65% after I opted to raise the interest. Now, obviously interest rates just increased and regular savings rate is much better.
I still got 8 months before I can break this CD. But I am thinking to break this CD now, eat 2 months early withdrawal penalty and open a 5 year CD. I am also thinking to open multiple CDs with variable amounts incase I need to withdraw due to any emergency.
Good idea?
Any thoughts where I can find > 3 % CD banks? I know that non-ally banks have strict early withdrawal penalties. TIA.
I have a 2-year CD with Ally where the interest rate is locked in at 1.65% after I opted to raise the interest. Now, obviously interest rates just increased and regular savings rate is much better.
I still got 8 months before I can break this CD. But I am thinking to break this CD now, eat 2 months early withdrawal penalty and open a 5 year CD. I am also thinking to open multiple CDs with variable amounts incase I need to withdraw due to any emergency.
Good idea?
Any thoughts where I can find > 3 % CD banks? I know that non-ally banks have strict early withdrawal penalties. TIA.