The No. 1 Strategy for Investing in CDs Right Now
If I were putting money into certificate of deposits (CDs) right now, I wouldn’t wait. The Fed is expected to start cutting rates later this month, and once that happens, today’s best CD yields will almost certainly slip lower.
My play? A CD ladder. But instead of spreading cash evenly across every term, I’d lean harder on the longer-term CDs that are still paying top APYs. That way, I can lock in today’s higher rates for longer, while still keeping part of my money cycling back on a regular basis.
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 savings account, without…
