Don’t waste so much money! Get a CD account.
Keeping some money is always a good idea. Mostly because – like it or not – society revolves around money, so unless you have some money… you’re screwed. Times like these when the markets verge towards collapse and business is running slow all around, saving money is now an absolute must. Because it could get much worse before it gets better, you know? A good idea to keep some money safe while getting extra yield is getting a Certificate of deposit, or CD.
I was going over the CD Rates at Banks, and they offer rather competitive yield rates for a no risk CD, up to 2.5% increase per year. Aditionally, there’s a no-penalty early withdrawal option, meaning that you can claim your money back any time you feel like doing so, in case an emergency eventually arises. It’s always to keep some money stocked away for worse times, because… you never really know when it’s going to get better! So let’s hope for the best but be prepared for the worse.