What are your thoughts on parsing out liquid (savings) account balances into shorter term CD specials in this (prospective) rising interest rate environment?
Langley’s new 1.25% / 14 month / no upper limit CD has me thinking about what percentage of my liquid accounts I want to commit to what I suspect will be a growing list of short term CD specials. If you guess interest rates are on their way up, which I do, you may agree that it won’t take long for high yield savings account rates to catch up to, and eventually surpass, these early CD special rates. For example, I think it’s entirely plausible for high yield savings accounts to surpass 1.25% in 3-6 months.
Ken’s early withdrawal calculator has been a helpful tool, and understand it’s impossible to predict the future, but curious what other thoughts you may have.
Thank you in advance.