Banking
2007-12-01 11:42:16 · 3 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
laddering -- in other words every one needs 6 months of expenses set a side as a rainy day fund -- so try to set your self up so you have cd coming due each month -- hopefully you will not need the money so you can add additional money and let it roll over because you know the following month another cd will come rolling in!!!
2007-12-05 05:23:26 · answer #1 · answered by Anonymous · 0⤊ 0⤋
rather than investing in a CD, you might check out some of the on-line savings accounts. they are paying close to the short term CD rates with none of the restrictions. take a look @ ing.com, hsbc.com or emigrant.com. all are FDIC insured just like a CD and should come w/ an ATM card so that you can w/draw your money anytime, anywhere.
2007-12-01 20:01:12 · answer #2 · answered by STEVEO 2 · 0⤊ 0⤋
Get one for a longer term when interest rates are high. Right now, with rates so low, I'd only invest in one if you were a poor money manager and afraid you'd waste the money instead.
2007-12-01 19:54:15 · answer #3 · answered by Lola 4 · 0⤊ 0⤋