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jorgelito · 09-24-2005, 12:47 AM

So, I was thinking of opening up some CDs cause I have all this extra cash to park. But when looked into it, I found the rates to be not very competitive. The CDs (1 yr) seemed comparable with some savings account. So then, why would I bother with a CD if I could get a similar return but with better liquidity?

I guess cause the rate's locked in with the CD but honestly, I don't think rates will be going down soon (say within a year or so). Some of the CDs were 4.2 but I was thinking of opening a Savings with EmigrantDirect with a rate of 4%.

I guess .2% is fairly negligible and I get liquidity with the savings. But then agian, I don't really need liquidity.

Anyone got any ideas?

09-24-2005, 12:47 AM	#1 (permalink)
jorgelito All important elusive independent swing voter... Location: People's Republic of KKKalifornia	CDs Vs. Savings Account So, I was thinking of opening up some CDs cause I have all this extra cash to park. But when looked into it, I found the rates to be not very competitive. The CDs (1 yr) seemed comparable with some savings account. So then, why would I bother with a CD if I could get a similar return but with better liquidity? I guess cause the rate's locked in with the CD but honestly, I don't think rates will be going down soon (say within a year or so). Some of the CDs were 4.2 but I was thinking of opening a Savings with EmigrantDirect with a rate of 4%. I guess .2% is fairly negligible and I get liquidity with the savings. But then agian, I don't really need liquidity. Anyone got any ideas?