Long term CD's, interest rates seem to be heading up

[bale002]

Originally Posted by oneslip

Is there even a question that interest rates will be heading higher in the future??

Anal-ysts and brokers have been repeating that mantra for some five years now.

No one really knows.

But ask Japan, they may know.

[MadManofBethesda]

Originally Posted by kemcnyc

who do you re-sell a 30 yr CD to? I am not being a wise a$$, I literally do not know. Back to Fidelity at whatever bid they choose?

I am not familiar with Fidelity's specific product, but with most CD's you just basically cancel them and forfeit a certain period of interest (called an early withdrawal penalty). There's no requirement that you must hold a CD to maturation.

[mathjak107]

fidelity has brokered cd's.

[oneslip]

The only difference now is the Fed has actually started tapering and guiding for an exit.