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Michael Pryor
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Why would I get an Orange CD when it has the same rate as a savings account?

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gef05
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Why would I get an Orange CD?

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Why would get an Orange CD?

So I was looking at ING direct's CD rates, and noticed that unless I get a 5-year CD, the interest rate is the same or worse than my Orange Savings account. Why would I choose to have an account that's less liquid and doesn't give me any better interest rates? Is there some other advantage to CDs that I'm not thinking about here, or is this a bad deal?