Sunday, February 24, 2008

CD Ladder - Rung #1

So by including my blog revenue of $202.72 into my savings account, that brings the balance to $611.24. So by surpassing this milestone, I have decided to start a CD Ladder to take my savings strategy to a different level..

Simply, a CD Ladder is a series of CD's that are setup with the same term and same amount that will expire on a frequent basis for future cash needs. Here is a link that lays out a great example.

So I have decided to open up a 6 month CD from ING with an annual percentage yield of 3.65%. Hopefully I can save/earn another $500 in a few months to create the second rung on this CD Ladder.

1 comment:


I cannot believe CD's are paying 1%or less.