@patricia1990 Will you find a 2 yr CD paying as much? Also don't forget that the 2 yr is free of state income and local taxes so it's real rate is a little higher.
@patricia1990 Get an I-bond for 6.89% and redeem in a year (you lose 3 months interest if held less than five). No, I wouldn’t get a 2 year bond over an Ibond for savings, at best you’re hoping that a reduction in interest rate will cause bond price to rise so you can make a quick penny, but that’s not personal finance, it’s betting on the bond market.
@patricia1990 I have no state income tax in my state so I often opt for a CD if I can find one that pays monthly. That being said many CDs are callable so if you want to lock in that yield until maturity then a treasury may be more suitable. I'm just glad we have choices in fixed income now.
@patricia1990 BIL is an ETF that tracks short term treasuries if you don’t want the commitment of a 2 year note. I don’t think it’s paying quite the same rate though so it’s less yield for the convenience.