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I was reading this month’s issue of Kiplinger magazine when I saw the article CD Penalties Are Not Created Equal. Cashing out before the certificate matures can be costly. The article states that the average penalty for CDs of 1-year or less is 3 months of interest. The rate can be as high as 6-months [...] What’s your CD IQ? I took this quiz at lunch a day or so ago, and I got the result of “Genius.” Who knew? It’s actually a pretty good quiz. It’s only 10 questions about certificates of deposit (CDs), but I really had to think on a couple of them and even had to guess once [...] table { All the banks or credit unions offering these CDs have at least a 3 star rating from BankRate.com, which means it is at least average in it’s “safe and Sound”® rating. Here’s the full rating [...] Emergency savings accounts are all the rage these days, and while many people keep theirs in a high yield saving account, others use CDs. It all depends on when you might need the cash. You may want to consider splitting up your savings, depending on your situation. For example, you may only keep a months expenses [...] |
 
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