So you money savy people, HELP

[crazyhen]

Cds rates have me buffalo,d . Why if the stock mkt is so high have the cds not gone up too? Shouldn't they go up at least a little??

 

[KBlue]

Yeah, CD rates aren't even worth the hassle anymore. It is better to put your cash in a money market account. Even though the interest on those is a pittance as well, you can at least access your money whenever you want...

Why are the rates so low? Profits. Banks want to keep as much as possible to themselves.

 

[hemet dennis]

CD rates are low because all interest rates are low. What to do with your money depends on how much risk you want to take. The stock markets is at their highs so not a good time to get in, more of a time to get out. If you want high risk and high return Greece is still selling bonds. If you want low risk and low return then U.S. T-Bills are where you want to be. I would go for some tax free municipal bonds, but stay away from Calif.

 

[hemet dennis]

Yeah, CD rates aren't even worth the hassle anymore. It is better to put your cash in a money market account. Even though the interest on those is a pittance as well, you can at least access your money whenever you want...

Why are the rates so low? Profits. Banks want to keep as much as possible to themselves.

The interest rates banks pay are low because the interest rates they charge for loans are low.

 

[biologynerd]

If u get a diversified stock or mutual funds that is the best way in my option right now. CDs will suck for awhile