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Should you cash in savings certificates for higher rates
The piece weighs whether to redeem four to six year savings certificates at penalties and reinvest in top grade securities as short term rates rise. It cites break even calculations from the Savings Associations League, noting when reinvestment at higher rates covers penalties and term. It notes inflation fears and Treasury yields from 7 to 8 percent on long notes. It suggests asking institutions for the league's arithmetic study.
MENTIONED IN THIS ARTICLE
Syevia Porter
New York
Federal Reserve System
U.S. Treasury