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RollTideHTX t1_je8nqlt wrote

I would just put everything into a HYSA, not a CD at the moment.

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CodeWubby t1_je9o73u wrote

It takes a few seconds to move money from a HYSA to a no penalty CD and you get a better rate. This is a no brainer.

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whisky_in_your_water t1_jeadxvg wrote

Well, the money is locked up for a week, and AFAIK there's no autodraft for CDs, so there needs to be a little bit of consideration.

Also, you should probably open multiple CDs so you don't have to cash out everything if you just need a little bit of cash.

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RollTideHTX t1_jeb8qvl wrote

True, but if you’re just starting out with HYSA probably good to start with just a general account.

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SwimmingBreadfruit t1_je8xdnw wrote

Why?

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gensouj t1_je9gf6d wrote

Interest rates are still going up you don't want to be locked in. But a no penalty one is fine

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CodeWubby t1_je9o7v0 wrote

No penalty CDs don't lock you in (and their rate actually just dropped 0.4%. Still higher than their HYSA rate)

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gensouj t1_je9veei wrote

yes which is why i said no penalty one is fine. and yeah its better than their apy cause their apy is pretty low compared to many other places.

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