Comments on: Certificate of Deposit: Good Investment? http://www.moneyfunk.net/finances/certificate-of-deposit/ Personal Finance & Frugal Living Tue, 07 Feb 2012 09:38:55 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: money funkhttp://www.moneyfunk.net/finances/certificate-of-deposit/#comment-5280 money funk Fri, 26 Mar 2010 15:09:45 +0000 http://www.moneyfunk.net/?p=5625#comment-5280 Love the feedback! Thanks, boys! I did consider LC, but like Investor Junkie says... I would need a few thousand to make a difference. Another consideration is this 4% checking account that my CU just offered. It is a checking account, but a bank I hardly touch anyway. So it might be worthy to cloak it as a savings account. Hmmm... Love the feedback! Thanks, boys!

I did consider LC, but like Investor Junkie says… I would need a few thousand to make a difference.

Another consideration is this 4% checking account that my CU just offered. It is a checking account, but a bank I hardly touch anyway. So it might be worthy to cloak it as a savings account. Hmmm…

]]> By: money funkhttp://www.moneyfunk.net/finances/certificate-of-deposit/#comment-5279 money funk Fri, 26 Mar 2010 15:07:47 +0000 http://www.moneyfunk.net/?p=5625#comment-5279 No need to be sorry. It's a valid question. And I would believe you do get a debit card for that type of thing. It sounds like there are better things than for me to invest in besides CDs. Ah, one day I would like to invest in Real Estate. No need to be sorry. It’s a valid question. And I would believe you do get a debit card for that type of thing.

It sounds like there are better things than for me to invest in besides CDs. Ah, one day I would like to invest in Real Estate.

]]> By: money funkhttp://www.moneyfunk.net/finances/certificate-of-deposit/#comment-5278 money funk Fri, 26 Mar 2010 15:05:53 +0000 http://www.moneyfunk.net/?p=5625#comment-5278 Ya, I think its cool too. Now just to get those rates to go up higher. ;) Ya, I think its cool too. Now just to get those rates to go up higher. ;)

]]> By: Investor Junkiehttp://www.moneyfunk.net/finances/certificate-of-deposit/#comment-5267 Investor Junkie Thu, 25 Mar 2010 11:10:18 +0000 http://www.moneyfunk.net/?p=5625#comment-5267 As much as I'm a big fan of Lending Club (in fact just did an update of my loans), I wouldn't recommend if this is her only savings. Much too risky. I would only do up to 5% of your total emergency savings. In order to get any meaningful return, that would be a few thousand. As much as I’m a big fan of Lending Club (in fact just did an update of my loans), I wouldn’t recommend if this is her only savings. Much too risky. I would only do up to 5% of your total emergency savings. In order to get any meaningful return, that would be a few thousand.

]]> By: Austinhttp://www.moneyfunk.net/finances/certificate-of-deposit/#comment-5266 Austin Thu, 25 Mar 2010 09:42:30 +0000 http://www.moneyfunk.net/?p=5625#comment-5266 CDs bore me and I think the liquidity of a savings account would be a safer bet. Have you considered Lending Club for higher rates? CDs bore me and I think the liquidity of a savings account would be a safer bet. Have you considered Lending Club for higher rates?

]]> By: Personal Finance Rounduphttp://www.moneyfunk.net/finances/certificate-of-deposit/#comment-5223 Personal Finance Roundup Mon, 22 Mar 2010 14:39:23 +0000 http://www.moneyfunk.net/?p=5625#comment-5223 [...] Certificate of Deposit: Good Investment? from @moneyfunk I’m not a big fan of CDs as a whole.  They definitely have a place for people’s situations but there are a lot of alternatives.  Make sure to read the comments. Share and Enjoy: [...] [...] Certificate of Deposit: Good Investment? from @moneyfunk I’m not a big fan of CDs as a whole.  They definitely have a place for people’s situations but there are a lot of alternatives.  Make sure to read the comments. Share and Enjoy: [...]

]]> By: Yakezie Challenge Carnival #4 - The Growth Edition « Eliminate The Muda!http://www.moneyfunk.net/finances/certificate-of-deposit/#comment-5202 Yakezie Challenge Carnival #4 - The Growth Edition « Eliminate The Muda! Sun, 21 Mar 2010 12:20:22 +0000 http://www.moneyfunk.net/?p=5625#comment-5202 [...] Money Funk shares Certificates of Deposit: Good Investment? [...] [...] Money Funk shares Certificates of Deposit: Good Investment? [...]

]]> By: Jeremy Johnsonhttp://www.moneyfunk.net/finances/certificate-of-deposit/#comment-5172 Jeremy Johnson Fri, 19 Mar 2010 04:13:52 +0000 http://www.moneyfunk.net/?p=5625#comment-5172 I've only heard of CD's, but never taken the time to invest in them. My philosophy is I have a stash of cash for emergencies that I don't have locked up in any way. And the rest gets dumped into stocks/mutual funds/businesses/real estate, etc... to try and grow. Now a 1.5% 'ish interest on a checking account for my emergency savings - that is something I am investigating, but I've always had brick and mortar banking and if I did it online, I'd want access to it immediately - do you get a standard debit card with these 'high interest' rate checking accounts online anyone? Sorry if that was off topic a little :) I’ve only heard of CD’s, but never taken the time to invest in them. My philosophy is I have a stash of cash for emergencies that I don’t have locked up in any way. And the rest gets dumped into stocks/mutual funds/businesses/real estate, etc… to try and grow.

Now a 1.5% ‘ish interest on a checking account for my emergency savings – that is something I am investigating, but I’ve always had brick and mortar banking and if I did it online, I’d want access to it immediately – do you get a standard debit card with these ‘high interest’ rate checking accounts online anyone? Sorry if that was off topic a little :)

]]> By: Stay at Home Mom CFOhttp://www.moneyfunk.net/finances/certificate-of-deposit/#comment-5170 Stay at Home Mom CFO Thu, 18 Mar 2010 15:02:14 +0000 http://www.moneyfunk.net/?p=5625#comment-5170 Wow, that's really cool - I never heard of the ability to "bump your rate" before. Although I don't have the saving to do it now I do want to eventually ladder my excess savings in CD's but the dismal rates are off putting. I swear in 2007 my savings account was earning close to 4.5% interest! Wow, that’s really cool – I never heard of the ability to “bump your rate” before. Although I don’t have the saving to do it now I do want to eventually ladder my excess savings in CD’s but the dismal rates are off putting. I swear in 2007 my savings account was earning close to 4.5% interest!

]]> By: Investor Junkiehttp://www.moneyfunk.net/finances/certificate-of-deposit/#comment-5167 Investor Junkie Thu, 18 Mar 2010 03:02:48 +0000 http://www.moneyfunk.net/?p=5625#comment-5167 As much as I like and invest in P2P, I don't think it's wise with the amount of money you are talking about. If this was less than 4% of your emergency fund I would say sure! As much as I like and invest in P2P, I don’t think it’s wise with the amount of money you are talking about. If this was less than 4% of your emergency fund I would say sure!

]]>