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Transfer Of Maturing IRA CDs To A New Account As Risk Mitigation

Choice
  |     |   937 posts since 2020

Has anyone looked at where to move a portion of maturing current long term IRA CDs, eg to a relatively/safe long term IRA CD that permits additions in a low dollar amount/environment? The thought is a transferee long term IRA CD FI for risk mitigation if long term rates go south …after all where is one to move maturing CDs…even if a low rate as a “last resort” parking lot…again if rates for new accounts go south?

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HollyHolly
  |     |   89 posts since 2015
Look at IRA savings rates on this website and also short term IRAs here where you can get between ,80 and 1 % until rates go up. If you can get into Barksdale FCU they have a 1% IRA savings acct. NASA has .80 for 9 months.
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Infinityy
  |     |   107 posts since 2020
Redstone FCU has some interesting long-term "members choice" CD's. If rates rise, you can opt to increase your interest rate to the current rate once every 365 days
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