Church of Christ says you are saved the minute you get up from the water after being dunked. The Baptists say you are saved the minute you truly believe in Christ and trust him to save you. In my opinion looking back I's argue today they are actually both right, but from different perspectives.
It's like when you are in high school. You are legally considered graduated from high school when the counselor or dean or principal reviews your record and sees you passed the required classes and stamps your record as graduated. However, you are formally and ceremonially considered graduated by the general public, family, ect when you put your cap and gown on and walk the stage and get the diploma. Believing in Jesus and trusting him to save you and thus being saved is on par with the principal stamping your school record as having graduated. Being baptized into the church, for the forgiviness of sin, and the other reasons the CoC gives is the ceremonial and formal point you are acknowledged as having been saved on par with walking the stage and getting your diploma. Tell me, if the principal stamps your record as graduated but you died before walking the stage, did you graduate indeed or are you damned to have been in the 12th grade for all eternity???????
Also, CoC says you have to not only be baptized but must do works of goodness and service faithfully the rest of your life to be saved. But what if you die of a heart attack right soon after being baptized and can't do works of service? Are you still saved.
Jesus also said "unless you drink my blood and eat my flesh you have no life in you". Does this mean you have no eternal life even if you are baptized but do not live long enough to get communion on Sunday?
If we have to be all literal about the importance of being baptized where we will deny one salvation before being baptized but was on the way to get baptized what about those verses about living right and doing good deeds of service and eating Jesus flesh and drinking his blood. If we are so literal about being lost if not having been baptized then the same logic would say you are lost by not doing good deeds by dying right after baptism or not being able to take communion before you died but after baptism.
The philosophers have only interpreted the world, in various ways; the point is to change it.----Karl Marx