Ive been doing the same MM to CD shift this year, mostly because Ive grown quite tired of watching the money market rate drift down every time the Fed moves. For a 24 month bucket thats really just earmarked spending, locking in the low 4s makes sense to me. My advice to you though is dont just take whatever your current bank offers. The rates can vary a suprising amount between institutions and so shopping around has actually been worth real money for me over the years. I use CD Valet for shopping around for better CDs now. Its basically a CD marketplace, tens of thousands of CDs listed, and all of them are federally insured. It makes it easy to compare CD terms and rates without having to open a dozen browser tabs. And I have often found rates above 4%, if youre willing to explore lesser known credit unions and banks. It's also free to use btw. In my experience the flexibility of a money market isnt worth much once you already know the date you need the cash.
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Ive been doing the same MM to CD shift this year, mostly because Ive grown quite tired of watching the money market rate drift down every time the Fed moves. For a 24 month bucket thats really just earmarked spending, locking in the low 4s makes sense to me. My advice to you though is dont just take whatever your current bank offers. The rates can vary a suprising amount between institutions and so shopping around has actually been worth real money for me over the years. I use CD Valet for shopping around for better CDs now. Its basically a CD marketplace, tens of thousands of CDs listed, and all of them are federally insured. It makes it easy to compare CD terms and rates without having to open a dozen browser tabs. And I have often found rates above 4%, if youre willing to explore lesser known credit unions and banks. It's also free to use btw. In my experience the flexibility of a money market isnt worth much once you already know the date you need the cash.
Post: Should I Lock in CD Rates Now or Stay in Money Market?
Link to comment from July 6, 2026