Question Are you better in Alliant’s 18 month CD than a 2 year Treasury at 4.8% ? It seems that is your main confusion. The answer depends on your state tax bracket right now and if you are doing the jumbo CD or not and how you file. If you live in a state where there is state income tax and if you are in a 9 percent state income tax bracket or less the 5.30 % CD currently being offered at myalliant.com is better than the current 2 year Tnote as of this posting which is 4.8% If you are doing the jumbo CD of $75000 or more for 5.35 % you are better with the CD if you are in the 10% state bracket or less. Above those state tax brackets that you may be in currently the 2 year Treasury is better. Those are your guidelines at the 2 year treasury note of 5.8% vs the 18 month-23 month Alliant CD. Obviously if 2 year treasury notes change then you have to redo this calculation Always check with your tax person to be sure.
Posted by Suze at 2023-11-05 16:31:07 UTC