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Could you give some examples, adjusting for risk?

No penalty CDs are strictly better than savings accounts. I was able to lock my emergency savings into a 1.6% CD the day the Fed announced rates cuts.

Why are they strictly better? You remove interest rate risk at the expense of yield. They currently pay less than high interest savings.

Whenever I looked at them last year, they were always slightly higher yield than the online savings accounts. Perhaps it was just a promotional rate.

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