Episode 38 - How Can You Find the Best CD Rates

We kick this episode off on a lighthearted note, discussing the current challenges faced by the West Coast due to wildfires and heatwaves. The main topic of the conversation is why everyone is talking about CD rates and why people are chasing banks for the best rates. We discuss the impact of the Federal Reserve cutting interest rates and the volatility of the market during an election year, and explain the concept of three buckets for managing money: checking account, short-term cash, and long-term investments. We round it out by exploring different options for short-term investments, including CDs, short-term treasuries, and series I bonds and caution against falling for schemes that promise unusually high interest rates and emphasize the importance of doing due diligence when searching for the best CD rates.