When does getting a 6 month CD make sense? I was thinking of laddering 6 month CDs between now and the time I was separated, which would have a CD maturing roughly once a month for the first 6 months after I got out. The interest rate is 0.3% higher than my savings account, but it's the best rate I've been able to find at 6 months.
This isn't a part of my emergency fund, and really won't be a major part of my savings (it could be used to recharge either later if necessary), but I'm getting a major itch to buy something I really don't need right now and want to hide the discretionary money away where it would be painful to get it back before I'm a free man again. I have better plans for it later.