About
About CD Max Return and its Author
The author has been in the banking industry for 36 years, the majority of that time as a senior level executive in community financial institutions. He has been closely involved in IRA and deposit accounts during that time. He has now retired and has his retirement money (accumulated in a 401(K) plan) invested in a series of laddered CD's that have not been affected by the recent economic downturn. He has not lost a penny of principle and is earning over 5% interest on his ladder which he began two years ago. He expects to be able to maintain close to 5% earning for the next several years until the economy turns around. Two years ago a 5% rate of return was looked upon as insignificant. However, today with a 40+% drop in the DOW, not having lost a cent of principle and earning 5% is not bad.
CD MAX RETURN is intended as an information sharing point for getting the most from your Certificate of Deposit investments.
June 12th, 2009
Makes sense when CD returns are high or moderately high…but does it make sense to buy a 5 year CD with a 1.75% return? That’s a twist on the “but low, sell high” strategy… with a CD it’s buy low, stay low.