First off I realize this question will be different for everyone based on everyones personal financial situation.
With 5% or higher CD's almost the norm now, I'm trying to earn that last interest dollar out there but I'm a little nervous about having most of my liquid cash assets tied up for 12 months or so. Assuming you have no large expenses planned in the near future, how much cash do you keep available in a lower paying but available account such as savings?
And of course I always have credit cards available as a backup for emergencies or last minute large purchases. My other CD's are also laddered so I'm never more than a few months out until I can access it. Most of my CD's are in the 100k range currently.
With 5% or higher CD's almost the norm now, I'm trying to earn that last interest dollar out there but I'm a little nervous about having most of my liquid cash assets tied up for 12 months or so. Assuming you have no large expenses planned in the near future, how much cash do you keep available in a lower paying but available account such as savings?
And of course I always have credit cards available as a backup for emergencies or last minute large purchases. My other CD's are also laddered so I'm never more than a few months out until I can access it. Most of my CD's are in the 100k range currently.