HorizontalBob t1_jefav0t wrote on March 31, 2023 at 4:21 PM

CD is a known penalty for breaking. T-Bills either can't be broken or if bought through brokerage, sold on the secondary market. T-Bills avoid state income tax.

satinkzo t1_jeffgte wrote on March 31, 2023 at 4:50 PM

Unless it's a No penalty CD

HellsYea t1_jefxqf7 wrote on March 31, 2023 at 6:50 PM

Noob question: can the ‘penalty’ be enough for a net loss, or you just hurt your potential gain?

ZachWilsonsMother t1_jeg87w0 wrote on March 31, 2023 at 8:00 PM

Can’t say for sure about everywhere, but the bank I work at it’s just giving up interest