Do you prefer Savings account over Money Markets or CDs?

[Katy1234]

Do you prefer to keep your extra money in a savings account to earn interest, or do you have it in Money Markets or CDs? We no longer have a Money Market account because it didn't give good interest rates, so it wasn't worth it. We have a Savings as part of our investment strategy, and we have some CDs, but we also have other types of investments.

 

[Stardom22]

For me l would prefer the saving accounts to the CDs for that matter. I am very confident with that.

 

[Cam]

With a high yield savings account, you have a pretty good interest rate anyway. I don't mess with CDs. You'd get stuck paying a fee if you needed to pull your money early.

 

[arunima]

What is this CD?
I believe in keeping the financial portfolio diverse. It's better than keeping all your eggs in the same basket.

 

[Ratine]

Saving accounts would be the best option for me when l were to to compare between the two.

 

[eldavis]

I think it is a lot easier for me to simply keep the money in a savings account.

 

[nomad]

I prefer saving accounts, especially fixed deposit accounts instead of money markets or certificate of deposit.

 

[You]

I prefer savings accounts for their flexibility and ease of access. I like knowing my money is liquid and readily available if I need it.

 

[Hate2Wait]

I do prefer saving account over any other account and its important to have a saving account and have decent amount of money in it for emergencies

 

[Kera]

A savings account with a pretty good rates of interest is my choice. I have some funds in a savings account that pays 13% per annum.

 

[freelancermaria]

I am not familiar with the concept of the money market. I like to keep my money in my savings account.

 

[Ratine]

Of course yes. This is because on savings my money is very safe unlike on the capital markets where the money is subjected to the potential risks.

 

[Shavkat]

For now, I prefer to save the working capital through my savings account. If it is needed, then it will be great without considering having the loans.

 

[Springtime]

I have money in savings account and a fixed deposit account which offers higher interest. I do not know enough of CDs. Other than fixed deposit, I buy stocks, mutual funds and bonds.

 

[cherry123]

I only have a savings account and it is pretty helpful to me. I don't get good interest from it though but I like that I can save with it

 

[Hate2Wait]

I also prefer having a savings account because it will help us withdraw or deposit at any time and we can easily make payments from money in the bank

 

[Kosi G]

Money markets are volatile but they pay really well. Savings accounts are less volatile. But they pay low. I prefer the money markets.

 

[Hate2Wait]

I am also trying to study more about these options and like to multiple my savings and this can help me get some passive income coming from these.

 

[Rubz]

To be honest, i orefer savings account over money market or CDs. Savings account are quite popular these days. I do not think anyone still make use of money markets or CDs.