4 ms·

Could you give some examples, adjusting for risk?

• Aunche 6y ago
  No penalty CDs are strictly better than savings accounts. I was able to lock my emergency savings into a 1.6% CD the day the Fed announced rates cuts.
  • formercoder 6y ago
    Why are they strictly better? You remove interest rate risk at the expense of yield. They currently pay less than high interest savings.
    • Aunche 6y ago
      Whenever I looked at them last year, they were always slightly higher yield than the online savings accounts. Perhaps it was just a promotional rate.