Why I'm Nervous to Open a Long-Term CD Right Now

Why I'm Nervous to Open a Long-Term CD Right Now

Most of the money I have earmarked for emergencies and other more near-term needs or goals is tucked away in my savings account. Right now, for example, the online bank I use is giving me 3.3% interest in my savings account. There are other banks that are paying even higher interest rates -- on both savings accounts and CDs.