Free Ebook.

Enter your email address:

Delivered by FeedBurner

« Seven Ideas for Maximizing Retirement Savings, Part 4 | Main | Investing Made Easy, Part 3 »

September 29, 2005


Feed You can follow this conversation by subscribing to the comment feed for this post.

I've heard of some people establishing a rotation of CDs in such a way that some portion of their emergency savings would be available every few months. This may be useful in the case of a job loss, but it wouldn't be ideal in the case of an immediate and large expense.

With 4% available from Emigrant, why even consider a CD? At current rates, you'd have to tie up your money for over 1.5 years before you could substantially best that rate. Besides, any small interest rate gain from CDs is more than made up in my view by the convenience of near-instant access to your funds in one of these online accounts.

The comments to this entry are closed.

Start a Blog


  • Any information shared on Free Money Finance does not constitute financial advice. The Website is intended to provide general information only and does not attempt to give you advice that relates to your specific circumstances. You are advised to discuss your specific requirements with an independent financial adviser. Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. All posts are © 2005-2012, Free Money Finance.