Are CDs truly the best location to "park" cash? Besides liquidity (quick access) precisely what benefit does your CD have? In the situation of CD rates, there are great big penalties which are forced by the banks or institutions offering the certificate of deposits; most of the time, we aren't disciplined. We don't think long term to let our money grow. Is it any surprise that 60-70% of Americans are not prepared for retirement. If the cash is supposed to grow should not you make sure you leave your money alone therefore your money can go to figureout for you.
The-way-Banks-Are-Using-CD-Rates-To-Rob-You-Without-A-Gun.html