High Yield Savings vs. Bank CDs vs. Treasury Bonds: Which One is Better for You?

With interest rates at some of the highest levels in the past twenty years should I keep my funds in my high yield savings, lock them up in a bank CD for a year or invest in a Treasury Bond?

A key point to understand is that when locking up your funds you want to understand the risks involved. What if you need the funds early? What are the potential penalties? How much should you lock up and at what maturity?

In this video, Colin Exelby, CFP® explains why it's important to diversify your funds across high yield savings, CDs, and Treasury Bonds.

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[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

I provide financial planning for business owners and their families that makes sense.

Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.

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[skoopqueen]

CD laddering is one of the smartest moves I made in diversifying my investments. 📈💰 By strategically spreading my investments across multiple CDs with varying maturities, I've not only safeguarded my capital but also enjoyed consistent returns.I wasn't financially free until my 40s, and I'm still in my 40s. I've bought my second house, earn on a monthly basis through passive income, and achieved 4 out of 5 goals. Investments are a wise decision I made

[ericak]

Great info. Background music is irritating

[Dan_Yerlll]

I love this channel you are incredibly informative, and you earned my subscription

[jenniferglasgow]

What is considered higher earners and higher assets?

[benjaminkoontz]

If the debt limit drama actually gets serious do you expect short term rates to rise or fall?

[Redmow]

My plans at the moment is 3 month CD's at 5%. Effectively 20% return on your money. Yes, it is taxed. But, I don't have much time left and I need to get that money growing. I don't trust the stockmarket or real estate.

[TheTangoAlfa]

I just pick the one that has the highest interest rate.