2013 CD Ladder Updates

One of my CDs in my CD ladder initiative just matured, so I figure its a good time to give a update . If you recall from my previous post, my CD ladder is a little bit more complicated given the current interest rates. If anything I think it looks more like a slinky (I might be dating myself here). My approach is simply having 2 CD ladders, a short term one and a long term one at the same time. I wouldn’t want to confine myself to all long term yet, I want to make sure that a cycle is in place and that at least 1 CD is maturing every quarter.

As of right now, I have a total of 7 CDs, 4 of which are 1-year CDs and 3 of them are 4- and 5-year CDs from Ally Bank.  Continue reading