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It is what it is
(thelemmy.club)
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this post was submitted on 04 Jun 2026
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It's funny you say that! I've started putting some of my emergency fund into CDs. It's just a $20 fee to withdraw early, and its more than $20 in extra interest compared to the HYSA by having it in a CD so it maths out
I've heard of some people doing multiple CDs with a staggered start so that once they start maturing, one matures every 3 months or so.
It sounds like a good idea, and it's more liquid than putting it all in one CD, but I'd still be concerned with an emergency hitting just after rolling over one of the CDs and not having three months to wait for the next one.
If you don't mind the penalty for early withdrawal then I guess it's fine, but I thought some make you forfeit the interest accrued?