I have a savings account with a brokerage firm and am currently earning 3.30% APY. They also have CD's. Their 1 year CD for instance earns 3.00% APY. They're both FDIC insured.
Now, why would anyone want to tie up their money for 1 year on a CD if they can earn more money by opening up a regular savings account instead under the same bank?
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Thread: CD's vs High Yield Savings
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