If you do not mind my asking, I was wondering why you think a CD should be limited to one year? Kindly provide some details to support your thoughts if you don't mind. Are you concerned about the stability of the US economy? With the US debt being raised, I do wonder if interest rates will go higher. The cost of servicing the debt should be higher now and I do wonder if many social welfare programs will be cut, and taxes will be increased on those who are the least able to afford it.
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