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You have built up an emergency fund of two month's expenses. Right now it is just sitting in a savings account. You friend says that

You have built up an emergency fund of two month's expenses. Right now it is just sitting in a savings account. You friend says that you should put it in CDs to earn more interest. What is wrong with his suggestion? What are some alternatives to earn a bit more interest and still fulfill your goal of having an emergency fund ?

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