Other CD Strategies
CD laddering is a common approach when buying CDs. It implies buying more than one CD, even more than one type of CDs. It’s good to spread your money over various means instead of relying on just one.
This strategy also allows you to have access to liquid funds without incurring a penalty. Naturally, you can reinvest the money or do with it whatever it is you wish. So, for example, you could ladder your CDs by depositing $2,000 each into a 1 year, 2 year and 3 year CDs. In that case, you only need to wait for one or two years to touch your money but the 3 year CD will still earn you some cash on the side.
1 thought on “12 Types Of CDs That Could Boost Your Savings”
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