I’d like some input on where to park cash for 1 to 2 years. I’m looking at a 12 month CD at 2.50% or 24 months at 2.75%. Thoughts on anything better?
I haven’t been following CD rates lately…does anyone know how quickly the rates are rising in our current environment? If I do the CD, should I do a 12 month and then hope the rate goes up when it matures and do another 12 month, at hopefully a higher rate? Or lock in the 24 month rate now. An extra 0.25% doesn’t excite me too much right now to lock up for an extra year.