|
03-27-2023, 06:33 PM
|
|
Veteran member
|
Join Date: Mar 2019
Posts: 861
Thanks: 20
Thanked 821 Times in 383 Posts
|
|
Quote:
Originally Posted by fgaba1949
the single safest place in the entire world to put your savings is like a 1 year T note ,,especially right now with the huge interest rate .....
Seriously Not sure why anyone would have money in a bank right now when the T NOTES are paying such a huge amount in interest ,,,,,also remember if you open a lets say a CD 10,000 then you must put in $10,000 ..when you buy a 10,000 T Note you put in less then $10,000 to open it .......and their are small tax advantages for some...
As a retired banker with one of the BIG BANKS
a neighbor in the Villages asked me what to do with 2 year CD paying less then .70 % and has 12 months to go,,,,,my advise dump the CD pay the little penalty and start earning almost 5 % with a 1 year T note ,,
|
Since the issues at SVB, CD's are now yielding higher rates than Treasurys.
|