Having Resigned Myself To A Rate Drop

Bozo | May 1, 2019 | 1,375 posts since 2011

The "canary in the coalmine" (VMMXX) having turned, along with other markers, I guess it's time to look seriously at somewhat longer CD rates. I recently renewed a maturing IRA CD at INOVA for a six-year term at 3.5% APY.

It was nice to be in a "rising rate environment" after so many years of drought. That didn't least long.

As we say in California, seven years of drought followed by seven years of deluge. Go figure.

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JimDavis | May 1, 2019 | 127 posts since 2015

and the prez begging for a huge rate cut . lol

savers be damned

RJM_Willy12 | May 2, 2019 | 149 posts since 2016

Invoa's 6 year CD fell to 3.45% in January 2019, and was never 3.5%

Vanguard Prime is not a leading indicator of CD rates. It is a money market fund, which by definition matches short term interest rates, which have fallen by a small amount.

Robb | May 2, 2019 | 324 posts since 2018

@CD Inova's 6 year IRA CD rate is currently showing APY of 3.5% which Bozo referenced in his original comment above:

https://www.inovafederal.org/services-tools/tools/rates.html

SYC | May 9, 2019 | 312 posts since 2017

For now, Connexus has raised its 5-year CD to 3.40% from 3.00% on 5/8/19.

https://www.depositaccounts.com/banks/connexus-credit-union/offers/

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