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Why 2024 is the BEST year to Invest in a CD Ladder | Certificate of Deposit Explained

FIRE Psy Chat 182 views

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The highest rate since 2007??? Oh dear 😅
Comment from : @josseramos7330

Is CD earning is taxable for retirees?
Comment from : @Cyrus-lv1vu

Breanna Ports
Comment from : @KevserCandan-c1t

What happens if i lock in the cd for like 12 monthsbut after 12 months i dont pull it out cam i leave it so it cam renew at the same rate? Lets say i put 50k in a 12 mo cd at 5 After 12mo can i leave it so it can renew or is automatically put back into my account?
Comment from : @RealGetbenched

Yeah this is a great thing for rich people brbrI'm not rich
Comment from : @davecrupel2817

Bring back the gold standard
Comment from : @davecrupel2817

Call a bank institute call in for a CD to be cashed out before its maturity rate date for example: 18 months DC the bank call/caliber- the standard reached by date
Comment from : @jannieoglesby6160

Treasuries are much better imho
Comment from : @YevgenyMorozov

Amazing!! Thank you ❤
Comment from : @barbaralarissa

Are CD rates locked in if the interest rates drop………
Comment from : @BIG_DRU

Question can someone use a convenience check to open a cd account? Thanks
Comment from : @mannydecastro6934

It’s $250k (but just toss a beneficiary on your cd doubles to $500k)
Comment from : @sall7029

I am looking to retire early in 2 years I am 60 I was divorced one year ago, finally got my retirement allocation and 50 pension at $1k/mos My SS, hopefully will pay $2k/mos in 2 years The retirement fund is $41k, I have started this approach I am a low risk investor, simply looking for max gain, thus the CD ladder Money markets and index, correct if I am wrong, do not guarantee return Please speak to those Baby Boomers who do not have massive retirement savings and thanks
Comment from : @CollegeRecruitsNW

take care of student loans before buying CD's? Guess I'm never investing lol
Comment from : @jaredadams5748

Are the jewel boxes included?
Comment from : @HarveyWallbanger-ho2cq

Sucks finding out you don't have enough income to invest into even an emergency fund This is going to be hard
Comment from : @TTaylorIPM

Do CDs compound?
Comment from : @TheCardboardWarlord

That’s why people don’t like CDs no more
Comment from : @USA-sg5rp

Do ppl typically use different banks for all these savings accounts? Or can you open multiple savings accounts under one bank ?
Comment from : @roquenina3412

I’m saving money to save money to buy a house in cash
Comment from : @wr3504

You didn't answer the question of WHY 2024 is the BEST year Too much explanation of what a CD ladder is, pros and cons Change the title or answer the question
Comment from : @DavidBrown-ek6ls

almost too much information
Comment from : @dyardsale5475

My bank has 13 month at 5 rate is worth it ?
Comment from : @VikingsFan-iu5kq

If you're paying $3,000 p/year for car insurance, I'd find another insurer! 🤣
Comment from : @tropicshade

Actually what we need in savings need money’s… I out half money in cd and half in savings
Comment from : @boico123

"There's a good chance that the fed will cut interest rates 6-9 months from now" 🤣
Comment from : @Denvermolorad0

I'm sure your information is great, but I wish you'd use smaller dollar amounts; this is dam depressing
Comment from : @auntihooha

words words words, still doesn't make any sense why youl'd use a cd at 5 instead of an hysa at 5brlock up $1000 for 1 year for $50? pretty sure that's not going to keep up with inflation
Comment from : @hbeezey

Thanks for sharing
Comment from : @Latoshajsinspiration

Great video! Thank you for the info Will I have to pay taxes on this?
Comment from : @daicyzurita4067

Thank you for the video I used the CIT Bank calculator It was spot on Thanks again
Comment from : @triton576

I’m with Navy Federal and they have excellent rates on CDs
Comment from : @scotwells7573

One question, what happens after the time expires? Do they force you to take your money out?
Comment from : @1zuzsuit492

Do you have any videos for people just starting out with a small amount? 😅 I have 50k sitting in my savings and not too many current expenses Could I put 30k of that in a 5 month CD and be okay? How do people with small nest eggs get started in building their wealth?
Comment from : @grumpyschnauzer

So you are telling me if you put up 10k liquid its only 700 dollars for 18 months or did i miss something?
Comment from : @PedroRodriguez-ll2wi

I would only do a 9 mo or 1 yr CD the way things are and there paying 520 to 525 average If you do a ladder for the same time you will lose on the total interest return and a 2 year cd tops right now is 505 So do you reall see the return as good in a 1 yr ladder verses a 1 yr Cd I don't think so
Comment from : @tcbridges

What if i'm living off my emergency savings right now but want to put some towards investments?
Comment from : @sig310

Question I had a 9 month CD for $250K that just matured with my local bank I now want to either do another 9 Mo or 1 year but just learned about teer CD's I have a Fidelity account with the $250 K sitting there right now they have a 4 teer ladder at 530for a year I like the Idea of 1/4 return in 3 months Or I could do a 1 year Cd at 540 If I did a ladder and keep the first 3 months and do the same to the 1 year what would my return be I know the 1 year is the best return but was thinking of trying the ladder if making decent money I'm in my 70's so that is one reason I don't invest and I do have a 104K with Fidelity I take from monthly for living expenses Thanks for some opinion on this
Comment from : @tcbridges

If I have over 100k in savings and I want to make money while it sits, would a 5 months cd @465 be a good idea to make a few grand in 5 months?
Comment from : @youngworld6646

Fantastic information!! Thank you 😺
Comment from : @leewithey2014

So I just pulled from my savings to pay $7k in credit debt I was saving for a home that I was unsure when i was going to buy I just opened a bank acct and see it has a 13 month 535 CD rate Will this be smart to open? Idk anything about CDs This will be my first if i follow through
Comment from : @trevey16