Once the CD is funded, your job is done. Your money will earn a fixed interest rate until the . When the term ends, you can either withdraw your initial investment plus interest or "roll it over" into a new CD. The Bottom Line
CDs are one of the safest investments available because they are (up to $250,000). If you want a guaranteed return without the volatility of the stock market, a CD is a fantastic choice. To help me tailor this even more, let me know:
Not all CDs are created equal. Look for the . Generally, online banks and credit unions offer significantly higher rates than big national "brick-and-mortar" banks.