21
Tried to flip a CD ladder at my credit union and it backfired spectacularly
I thought I was being smart parking $5k in a 6-month CD at my local credit union last January, planning to roll it into a brokerage CD for higher rates. When it matured in July, the broker's rate had dropped 0.8% and my credit union offered me a loyalty bump to stay. Now I've got money split across both and my spreadsheet is a mess. Anyone else get trapped by the timing game between banks and brokers?
2 comments
Log in to join the discussion
Log In2 Comments
quinnbailey6d ago
Did you try calling the credit union directly to talk to a person? I did that once with my bank and ended up on hold for 45 minutes just to get told "rates change." I feel your pain on the spreadsheet mess, I have three different savings accounts now because I kept chasing promo rates and forgot where everything was. Honestly I just stopped trying to be fancy with it. Now I dump everything into a high yield savings account and call it a day. Way less headache.
5