Here’s the Single Best Strategy for Investing in CDs Now
The Fed is widely expected to begin cutting rates this fall. And when that happens, certificate of deposit (CD) yields — especially on shorter terms — will likely drop right along with them.
So here’s the move. Consider spreading your money across multiple CD terms (aka CD ladder). But instead of spreading your savings evenly across CDs, try weighting your ladder toward longer-term CDs that still offer top-tier APYs.
This lets you lock in higher APYs now, for a longer period, while still keeping your cash regularly available.
What is a CD ladder and why people love it
A CD ladder is when you divide your money across multiple CDs, each with different maturity dates.
The reason people do this is so they can earn higher interest than a…
