ST Alpha - "Interesting? Discover is offering 4.75% on 18-month CDs but only 4.3% and 4.1% on longer terms. So 18 months until the recession kicks in :/ -- nm" (Reading a Post)

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Interesting? Discover is offering 4.75% on 18-month CDs but only 4.3% and 4.1% on longer terms. So 18 months until the recession kicks in :/ -- nm

Posted by Meg (aka Mojave) Mar 4 '23, 12:55

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Responses:

are they expecting interest rates to fall again soon? -- nm - zeitgeist Mar 4, 16:02 1
- The rate is being increase to control inflation. Once that is done we don't need higher rates any more. -- nm - Meg Mar 4, 16:08
Live Oak has been offering ~4.5 on 1 yr for a while now, but never raised their 2 yr above 2% -- nm - St. Louis BaronHawks Mar 4, 14:03
Yeah, I’ve noted the same at Synchrony, 5% on 14 months, 4.3% for two years or longer. -- nm - znufrii, promoted Mar 4, 13:29

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