Originally Posted by Cuthie

Speaking personally... not wanting to put words in KellyJef's mouth (!) but CD's carry penalties for early withdrawal.

DH's paychecks go automatically into Orange ING and then I'll manually transfer back to my regular checking account at my local bank (online) prior to bills coming due OR have some payments debited automatically from Orange Savings (ie mortgage payment).

You do not have this liquid flexibility with CD's.