Brokerages have them, but they're not call protected. I am seeing 3-year call protected CDs going for 4.6% or so, so I think banks are thinking rates will stay high about that long.

[–] OpticalMoose@discuss.tchncs.de 2 points 11 months ago (1 children)

Good observation. I'm happy with my money market accts(~5%). But I figure banks have access to a lot more info than we do, so I look at CD rates as an indicator.

As far as actually investing in one, I had a CD back in the 90's and didn't like it. It's just not my thing. I'm a stock guy.

[–] sugar_in_your_tea@sh.itjust.works 4 points 11 months ago

Same. I've only had one CD, and that was a no penalty CD to hold onto some cash for someone.

I pay state income tax, and t-bill rates are almost always better than CD rates (at least recently) after accounting for state tax rates. So I buy t-bills on autoroll in my brokerage (which is my main bank) with most of my cash, and the rest sits in a money market fund.

I haven't seen much point, but rates are currently pretty good and I'd probably get them if I didn't have state income tax.