Why I Still Won't Touch a 5-Year CD With a 10-Foot Pole

Why I Still Won't Touch a 5-Year CD With a 10-Foot Pole

If you have money set aside for emergency expenses or situations, that cash should stay tucked away in a savings account. And while you could always cash out your CD early in that case, doing so will generally mean getting penalized to the tune of several months of interest.