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Old May 26, 14, 6:19 pm
Join Date: Jun 2013
Posts: 1,044
Originally Posted by silver4300 View Post
I'm not too familiar using CDs for MS. For a 6 month CD, do you have to let the money sit there for 6 months? If so, it doesn't seem worth it to tie up the money for so long.
It does if it is your emergency stash. Put half of the emergency stash in the CD and the other half in the checking account. This way you are diversified and have access to half. The other half, at this point all hell has broken loose, will either be ready when you need it or you can then put the money on a 0% card or take a penalty and remove from the CD.
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