Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

What To Do With Rising Interest Rates

Friday, July 19, 2013 - 7:20 PM
From Allan Roth:

     "I've long been an advocate of buying CDs that pay good rates but
      have easy early withdrawal penalties. The Ally Bank 5-year CD is
      still the best example ...

Read More:
4
cumuluscumulus359 posts since
Jan 16, 2010
Rep Points: 1,679
1. Saturday, July 20, 2013 - 8:10 AM
"So now that everyone says rates are going to rise, the thing to do is ... nothing."

Nice answer.  I think that this is an opportunity to take inventory and plan ahead.  RCAs are still popular after all these years.  CD rate is too low to be considered.  Savings/MM are out of the question.  I-bonds are limited in amount.  Bond funds are fully of risks now and onward due to Fed's anticipated actions (reduction in bond purchases, etc.).  Stock market is getting real risky, hitting record high again.

I think RCA is still the best game in town.
4
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427
Reply