AboutShane Expertise Hello, my name is Shane. I currently work at a financial institution in customer service and sales. I am able to answer most questions you have regarding banking products and services, how to use them, and what products may benefit you best. I can also help you to weigh the risks of various types of savings vehicles such as questions pertaining to CDS, money market accounts, etc. Feel free to ask and I promise I will do the best I can to answer.
Experience Customer Service and Sales call center experience. Assists in training new hires for customer service. Well versed with FDIC policies, banking compliance laws, and a wide variety of product knowledge.
Organizations American Association of Medical Assistants
Education/Credentials High School Graduate and Medical Assisting Diploma
Awards and Honors Significantly exceeds expectations annual review from the bank I presently work at
Question Are there other choices besides banks that may be better to obtain CD's? Or are there other short term options to deposit money than CDs?
I want to gather interest for money set aside for temporary setbacks. This is money for 6 months of paying bills.
Thanks in advance.
Answer Hi Sallie,
Some banks may offer you a promotional money market. the bank I am with for example offers 3.25% guaranteed for 6 months on balances of $5000 or more. its the best of both worlds, high interest and liquidity. We also offer 32 day cds, etc...you may want to check with your institution regarding short term cd options or money market rates. Money markets are basically a glorified savings account.
