Interest rates frozen again, apparently
At this point I don’t even know what “hold” means anymore. It just keeps staying right where it is lol. Savings and deposit rates are starting to creep down too, so where am I supposed to put my money?
4 answers
True, now when I see interest rate news I just let it slide lol
Don’t just look at savings and deposits—try looking into a parking account + short-term bond ETF combo. Last year I also thought rates had peaked and locked into a 3-year product, but looking back now, it’s become a bit awkward; since then, I’ve been rolling over in 6-month to 1-year increments. If you’re craving a guaranteed rate, locking only part of it into long-term and leaving the rest liquid is less stressful. It’s not like we’re playing a game of nailing the direction anyway.