with the state of the economy is it best to take your money out of CD account because of the low % rates?
the cd`s are running about 2or 3 per cent and it was 4 to 5 when I opened the account should I close it and just put it in a penalty free savings?
Don’t take the money out early, you will lose more than you will gain by getting a higher yield savings account. Once the terms of the CD’s are up, I would shop for a higher interest rate either in a CD, Money Market fund, or a high yield bank account. Visit http://www.bankrate.com for easy comparison shopping.
Savings and CD Rates Continue to Drop – Weekly Rate Update
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