Spent part of Tuesday morning with the bank app open instead of starting another cover letter, trying to decide if cashing out the CD was actually worth it.
Here’s what I worked out, for anyone sitting on the same decision.
First, the CD has $4,200 in it at 4.5%, with 3 months left on the term. The early withdrawal penalty is 6 months of interest, which came out to $47.
Second, I checked what those 3 extra months of job searching actually cost beyond rent — gas, the occasional interview outfit, eating out a little less carefully. Closer to $600 than I expected.
Third, I looked at what’s left in checking after 4 months without a paycheck. Thinner than I want to admit, if I’m honest.
$47 to stop running these numbers every week is a trade I’d make again. Moved it to regular savings yesterday. No new CD until there’s income again — just a plain savings account for now.