Comments on: Our CD Ladder Fell Apart

By: Kevin

Kevin — Wed, 01 Jul 2009 01:45:09 +0000

@DYDR: Excellent question. I will address this tomorrow in the form of a post. Thanks for the great question.

By: Do You Dave Ramsey?

Do You Dave Ramsey? — Sun, 28 Jun 2009 00:23:31 +0000

I’ve always found the topic of CD ladders an interesting one. I need to write an article to explore my thoughts a little more…

But that’s not why I’m commenting. Rather I’m curious as to your motivation to stop. I get that rates were falling, but wouldn’t you also have caught the rates on the way back up?

It seems that building the ladder is such an involved process – it takes a year to set it it up – that stopping puzzles me.

I’m not against your motives or reasoning – holding cash with immediate access at a time of need is a great line of thinking. But, as stated, the ladder topic is very interesting to me and I’ve never heard of someone stopping or a ladder falling apart.

I applaud your candor and hope you don’t mind my line of question.

Thanks for sharing!
Dave

By: Kevin

Kevin — Sat, 27 Jun 2009 02:06:28 +0000

@MK: That 3% rate is for a 5-year term! The 16-month term is only 2.25%. Both are at or below average for their terms, unfortunately.

By: MK

MK — Tue, 23 Jun 2009 19:39:51 +0000

Check out dollarsavingsdirect.com. Their savings account is at 2% and their CD’s are sitting at 3% I believe….

Not great, but still better than a lot of other places!