CD Account Basics
If you need to start from scratch, learn what CD accounts are: they're separate buckets of money that guarantee you a return from the bank over time. By locking your money up, you earn a little bit more from CD accounts. Just like your checking or savings account, a CD account often has a separate account number.
Using CD Account Strategies
You don’t have to think very hard when you buy CDs, but you might improve your returns with some strategy. Laddering, bullets, and barbells are all CD investment approaches that can help you reach your goals more effectively.
Getting the Best Rates
Not all CD accounts are the same. Rates change from bank to bank, and for other reasons. You should understand what influences rates and how to find the best rates. Over your lifetime, better CD investment results will mean more money to spend on the things you value.
CD Account Safety
CDs are considered to be among the safest investments available. However, you have to make sure that any CD account you’re considering is really safe. Make sure you’re at a government insured institution, and that you’re below the insurance limits.
Investment Managers
If you don’t want to handle your CD accounts by yourself, you can always hire somebody. Of course, it’s important to know who you’re dealing with and avoid scams and ponzi schemes. If you hire somebody, they may use brokered CDs, which are a little different from plain vanilla CD accounts.
