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“There are plenty of ways to have fun this summer without busting your budget. For example, there’s still time to accumulate a summer vacation fund by setting money aside from every paycheck.”

– Ted Rossman

36% of Those Planning Summer Vacations Willing to Go Into Debt For Their Travels

With Memorial Day and the unofficial start of the summer travel season just a month away, more than a third of those planning to take a summer vacation this year say they will take on debt to fund their travels (36%).
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National average banking rates

1 Year CD 1.75%
3 Year CD 1.41%
5 Year CD 1.43%
Savings Account 0.57%