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Originally Posted by murl  Another alternative to CDs are the high interest savings, your money is not tied up any longer than you need it and they are paying on into the 5% range. Yeah, yeah, I know, a pilot giving financial advice  |
I thought about that - maybe I was projecting my own fallacies. If I've got "chunks" of the money tied up in the CDs, it forces me to be disciplined with rationing out the money so I don't incur the penalties.
You're right on the savings, though - I think over 6 months a savings account will probably pay more interest than a six-month CD would. Haven't checked rates lately.