Anyone Hold Long Term Cds (5-10+ Years) Before The Rates Fell In 2008 Or So

grandcanyon | Jan 1, 2019 | 8 posts since 2019

Did anyone invest in some long term non-callable CDs before the rates fell. I had a long term one but it was callable and naturally it got called. It was 6% so I'm sure they were eager to call it. Just wondering as I would imagine a bank wouldn't be very happy to pay 6% when the Fed Rate was 0%.

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Bozo | Jan 2, 2019 | 1,375 posts since 2011

5.9% in a 7-year USAA bought in 2010. 5.8% for a ten-year from KeyDirect in 2008.

lou | Jan 2, 2019 | 1,004 posts since 2010

Don't you mean 3.9% for the 7-year USAA. There were no 5.9% CDs in 2010.

Bozo | Jan 3, 2019 | 1,375 posts since 2011

You are correct.

grandcanyon | Jan 3, 2019 | 8 posts since 2019

Thanks for the info. I'm going to hold out for 4% and do a long term one and then hope we see 4.5% + next year. Don't know if we will see 6% again in CDs. CD is free money and you can sleep at night not worrying that something like PFF or REIT will tank (like it did over Greece) just to get an extra couple of points.

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