[Galan]

Just wanted to gather additional information regarding chase CD account.

I am planning to open up a CD account with Chase. With this being said, is it ok or worth it to open a CD with Chase or may know a better way to invest my money into?

I am banking with chase and aside from that I have an investment run by chase advisors since I just started learning about stocks and investment.

I have plan in pulling out my investments with them in the future once I learn to run it myself.

Thank you in advance.

[Frank]

Stop! Don’t use banks for your investments. Use them only for banking.
Use Fidelity, Schwab or Vanguard instead and put your short-term money in a money market.

A CD is not an “account”. Its a contractual debt instrument.

[Megan]

APY is what matters. What is the APY on the CD you are looking at? Chase is not known for having good APY.

[Christopher]

Why bother? Chase CDs look like they’re mainly around 2-2.5% at present. Unless you’re getting one of the 4-4.5% CDs, you’re not really getting anywhere by doing this.

Even the 4-4.5’s are easily outdone by short term treasuries.

[Heather]

I like a high-yield savings account better than a CD. I have mine at Amex.

[Scott]

A CD is a perfectly acceptable temporary place to park some money while you learn about index funds and how to invest wisely for you future.

[Mark]

A cd is not investing. Ur locking cash up ensuring it will not beat inflation. It’s a savings account

[Author]

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