Certificate of Deposit Question

[P0pinjay]

Ok, compare here and here.

Also here and here.

Based on those interest rates, why would you put your money in a CD? Am I missing something??

 

[TheoPetro]

to lock in the rate. the savings rate is adjustable the CD rate (while low) is fixed

 

[P0pinjay]

Good point. Guess I shoulda locked in a CD a few years back...

 

[DaveSimmons]

I'm earning 4.5% on a 1-year CD that renewed in December, good luck finding anything close to that except for teaser rates.