We haven’t mentioned Certificate of Deposits on these pages, because for younger readers they might not had one due to extended low interest rates. You lock up your money for a predetermined length of time, and at the end you get a higher rate of interest. If you take out the money early, you pay a penalty. Capital One’s deal on short term CD’s is the best we have seen at 5% for 11 months. There are no minimums. We plan to move some extra money outside emergency savings into this CD to lock in the higher rate. Note: We have a Capital One account.
We continue saving and earning points to pay off debt. Every $2000 we pay off our student loan at 8%. We made two such payments last month.
Wishing you well on your financial and sustainable journey,