Quote:
Originally Posted by retiredguy123
Note that another difference with brokered CDs is that there is no penalty for early withdrawal of principal.
|
But I think that means that because the interest is paid at the end of the term, in total, there is no interest upon early withdrawal, even though there is no penalty.
I have yet to do anything over 3 or 6 months. Lately, I saw that it’s hitting more above 5% in available new CDs and I am getting ready to buy again.
Still though……..weird and scary times we are in……..
I realize Fidelity’s money market is grazing 5 sometimes, but I think they collect basis points. Is that right?
Boomer