Comments on: CD Laddering: The “Frugal” Way to Build an Emergency Fund http://beingfrugal.net/2010/03/04/cd-laddering-the-frugal-way-to-build-an-emergency-fund/?&owa_medium=feed&owa_sid= Save Money @ BeingFrugal.Net Wed, 01 Feb 2012 18:52:59 -0800 hourly 1 http://wordpress.org/?v=3.3.1 By: David http://beingfrugal.net/2010/03/04/cd-laddering-the-frugal-way-to-build-an-emergency-fund/#comment-28578 David Sun, 08 May 2011 04:05:12 +0000 http://beingfrugal.net/?p=2947#comment-28578 the best laddering scheme it seems, is to split up capitol into 12 parts, buying a 60 month (5 year) CD every 5 months. would welcome input on this concept. the best laddering scheme it seems, is to split up capitol into 12 parts, buying a 60 month (5 year) CD every 5 months.
would welcome input on this concept.

]]> By: bridesmaiddresses http://beingfrugal.net/2010/03/04/cd-laddering-the-frugal-way-to-build-an-emergency-fund/#comment-28089 bridesmaiddresses Wed, 26 Jan 2011 10:01:39 +0000 http://beingfrugal.net/?p=2947#comment-28089 Do not get your girls wear a plain white bridesmaid dresses. Do not get your girls wear a plain white bridesmaid dresses.

]]> By: Bankruptcy Ben http://beingfrugal.net/2010/03/04/cd-laddering-the-frugal-way-to-build-an-emergency-fund/#comment-25117 Bankruptcy Ben Fri, 25 Jun 2010 02:20:37 +0000 http://beingfrugal.net/?p=2947#comment-25117 Sorry i should have said that it's actually a pretty good idea. Rotating CD's would also mean that you can take advantage of changes in interest rates Sorry i should have said that it’s actually a pretty good idea. Rotating CD’s would also mean that you can take advantage of changes in interest rates

]]> By: Bankruptcy Ben http://beingfrugal.net/2010/03/04/cd-laddering-the-frugal-way-to-build-an-emergency-fund/#comment-25116 Bankruptcy Ben Fri, 25 Jun 2010 02:19:02 +0000 http://beingfrugal.net/?p=2947#comment-25116 Wouldn't it be easier to just use a high interest online account or have it offsetting your mortgage? Wouldn’t it be easier to just use a high interest online account or have it offsetting your mortgage?

]]> By: Web Giveaways | Money Smart Life http://beingfrugal.net/2010/03/04/cd-laddering-the-frugal-way-to-build-an-emergency-fund/#comment-23280 Web Giveaways | Money Smart Life Sat, 20 Mar 2010 18:12:47 +0000 http://beingfrugal.net/?p=2947#comment-23280 [...] CD Laddering: The Frugal Way to Build an Emergency Fund @ Being Frugal [...]

[...] CD Laddering: The Frugal Way to Build an Emergency Fund @ Being Frugal [...]

]]> By: Thrifty Gal http://beingfrugal.net/2010/03/04/cd-laddering-the-frugal-way-to-build-an-emergency-fund/#comment-22945 Thrifty Gal Sun, 07 Mar 2010 06:59:19 +0000 http://beingfrugal.net/?p=2947#comment-22945 Yeah, aren't interest rates sorry these days? I am old enough to remember the early 80's, when I got 11% on a 2-year, $2000 CD! I wish I'd put the money away for a longer term, but I was nervous: just out of school, paying student loans, buying a business wardrobe, etc., and didn't have much money to put away. If your readers work at companies with a credit union, check out their CD rates: mine just announced a 3% rate, which is much better than the banks around here! I'm going to see how much I can put in for that rate, which I haven't seen in a couple of years. By the way, if your bank fails, and another bank takes it over, THE NEW BANK MIGHT CHANGE YOUR CD RATE, EVEN THOUGH IT HASN'T COME DUE!!! I couldn't believe it, but it happened to me. I had a CD earning about 4.5%; when the other bank took over, they changed it to about 2.2%. I kid you not. This was a large account too (a 401K rolled over to an IRA when I left a job), about $60K, so the loss is not trivial. Grrr! Yeah, aren’t interest rates sorry these days? I am old enough to remember the early 80′s, when I got 11% on a 2-year, $2000 CD! I wish I’d put the money away for a longer term, but I was nervous: just out of school, paying student loans, buying a business wardrobe, etc., and didn’t have much money to put away. If your readers work at companies with a credit union, check out their CD rates: mine just announced a 3% rate, which is much better than the banks around here! I’m going to see how much I can put in for that rate, which I haven’t seen in a couple of years. By the way, if your bank fails, and another bank takes it over, THE NEW BANK MIGHT CHANGE YOUR CD RATE, EVEN THOUGH IT HASN’T COME DUE!!! I couldn’t believe it, but it happened to me. I had a CD earning about 4.5%; when the other bank took over, they changed it to about 2.2%. I kid you not. This was a large account too (a 401K rolled over to an IRA when I left a job), about $60K, so the loss is not trivial. Grrr!

]]> By: Jennifer http://beingfrugal.net/2010/03/04/cd-laddering-the-frugal-way-to-build-an-emergency-fund/#comment-22942 Jennifer Sat, 06 Mar 2010 17:33:09 +0000 http://beingfrugal.net/?p=2947#comment-22942 I guess if you really are worried about being able to access your money you could keep 20% of your EF in a liquid savings account and then step up the CD ladder from there. Great plan though. I guess if you really are worried about being able to access your money you could keep 20% of your EF in a liquid savings account and then step up the CD ladder from there. Great plan though.

]]> By: CD Laddering: The “Frugal” Way to Build an Emergency Fund | Budgeting Finance http://beingfrugal.net/2010/03/04/cd-laddering-the-frugal-way-to-build-an-emergency-fund/#comment-22912 CD Laddering: The “Frugal” Way to Build an Emergency Fund | Budgeting Finance Thu, 04 Mar 2010 21:44:11 +0000 http://beingfrugal.net/?p=2947#comment-22912 [...] Beingfrugal AKPC_IDS += [...]

[...] Beingfrugal AKPC_IDS += [...]

]]> By: Marc Bautis http://beingfrugal.net/2010/03/04/cd-laddering-the-frugal-way-to-build-an-emergency-fund/#comment-22911 Marc Bautis Thu, 04 Mar 2010 21:43:31 +0000 http://beingfrugal.net/?p=2947#comment-22911 Laddering is a great concept and can be a great way to also provide income during Retirement. CD's are one option, but it can be done with any fixed income asset class including Corporate and Municipal Bonds Laddering is a great concept and can be a great way to also provide income during Retirement. CD’s are one option, but it can be done with any fixed income asset class including Corporate and Municipal Bonds

]]> By: Kim http://beingfrugal.net/2010/03/04/cd-laddering-the-frugal-way-to-build-an-emergency-fund/#comment-22907 Kim Thu, 04 Mar 2010 17:20:08 +0000 http://beingfrugal.net/?p=2947#comment-22907 BOA offers a no-risk CD. It limits the number/frequency of withdrawls but you do have access to your money without loosing all the interest. BOA offers a no-risk CD. It limits the number/frequency of withdrawls but you do have access to your money without loosing all the interest.

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