Any Hope Of Interest Rates By 2015?

carly | Jul 27, 2013 | 43 posts since 2011

I have most of my 5-year CD's all coming due in spring-summer 2015. Any thoughts/hopes on what the interest rates will be by then? They're all expiring in the 3.0 to 3.5% range.

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Answers

Shorebreak | Jul 27, 2013 | 4,039 posts since 2010

Hopefully you will be able to renew them for another 5-year maturity at the same rates. Based on extrapolation, however, I expect 2.65% to 2.85% CD yields for 5-year terms in mid-2015. Good luck carly.

paoli2 | Jul 27, 2013 | 2,641 posts since 2011

Here's hoping you're right. I could live with 2.85% and be a happy camper.

Ally6770 | Jul 28, 2013 | 4,290 posts since 2010

I thought I read in this forum a comment about a brokered non-callable CD that paid 3%.

51hh | Jul 27, 2013 | 1,693 posts since 2010

Good4you. Still two years to go with such high rates.

The rate for 2015 is anyone's guess. No crystal ball and no prediction.

paoli2 | Jul 28, 2013 | 2,641 posts since 2011

#4 You may be thinking of the 10 year CDs which were posted in one of Ken's articles. I could find no uncallable 5 year CDs brokered or non-brokered for 3%.

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