Do you prefer Savings account over Money Markets or CDs?

Katy1234

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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.
 
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Cam

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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.
 

You

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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

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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
 

Shavkat

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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

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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.
 

Hate2Wait

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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
 

Hate2Wait

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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

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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.
 
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