Comments on: Reader Question: Why Let Your CD Ladder Fall Apart?

By: CD Ladders - My Take | Do You Dave Ramsey?

CD Ladders - My Take | Do You Dave Ramsey? — Fri, 14 Aug 2009 11:00:55 +0000

[...] a friend wrote an article about his experience with his CD Ladder.Â That article led to a comment, a follow-up article, and a promise from me to craft an article sharing my opinion and perspective on the topic.Â [...]

By: Kevin

Kevin — Thu, 02 Jul 2009 16:04:16 +0000

@DYDR: Yea I think the ladder has to fit your needs. Just like a real ladder — you don’t necessarily need a boom truck with a lift when a step ladder might do.

@Kathryn: If by invest you mean save, then yes it is absolutely a great place. They don’t have physical branches, but the checking accounts have fee-free debit cards. I do all of my transfers electronically. I maintain a standard brick-and-mortar account with a local bank to write checks to church and stuff like that, but there is so much you can do electronically it just completely outweighs other banks. Plus the interest rate, albeit small these days, is better than the national average.

By: Kathryn

Kathryn — Thu, 02 Jul 2009 03:25:33 +0000

Kevin,
Have been considering ING direct for awhile. Do you feel it is a good place to invest? I’m old school, and not having a “bank” to visit, seems odd to me. Bottom line, you feel your money is safe?

Kathryn

By: DoYouDaveRamsey

DoYouDaveRamsey — Wed, 01 Jul 2009 17:02:38 +0000

Very interesting and thanks for indulging my question… and for the link.

I’ve been defining the CD Ladder differently – which you suggest is common in PF circles.

I’ll commit to writing an article to share my definition and further engage the dialogue.

Thanks!
Dave