Certificates of deposit.

[carol b]

I am curious about these. I am considering putting some money into one of them. I was looking at how they are handled at my bank.
I see the interest rate that they have is somewhere between 2.05 and 3.50 percent depending on the length of time you have chosen.
There are penalties for early withdrawal. On a CD it is 90 days of interest. I don't think it would be allot of money but I haven't sat down and calculated it monthly either.
It also says that you can put the interest earned into another account.
Does anyone have a CD and what do you think about it? I don't want to tie my money up but do want to earn enough to get by if I need to.