This month marks the point of halfway up my CD Ladder, showing how to build an effective CD Ladder. It is the 6th month of a 12 month plan. The first rung of this CD ladder was in July, summarized in this post: Investing in a CD Ladder.
Since that 1st month CD ladder with a yield at 2.5%, rates have dropped. Each month has come in lower than the previous one outside of December. Here are the current 6 months and where the rates stand:
July @ 2.50%
August @ 2.40%
September @ 2.35%
October @ 2.10%
November @ 2.00%
December @ 2.00%
All 6 months currently result in an effective CD Ladder rate of 2.225%
So halfway up the ladder, I have 6 more months to go and then the auto-renewal process will take over. At that point, I will start recording the interest from each maturing CD since I am on a cash basis accounting method with this Money Tree.
With the CD Ladder in place and also another portion of my investments in the Dividend ETF account, I will be looking for taking the next step in the investment pyramid…stay tuned and send over any ideas that you might have.
I am a finance professional with over 20 years of experience and very passionate about all topics related to finance; enjoying the aspect of teaching and educating others along the way. All in all, I will show you how big this money tree can get over time as I get the branches (Earn, Save, Invest) as high as possible…Click here to see my financial progress to date: How high is the Money Tree?
