How to Decide the Right CD for You | NerdWallet

Now that we've talked about what a certificate of deposit (CD) is and how interest rates have made these a viable options to build wealth in our last video, let's talk about the different kinds of CDs there are. To help find the right CD for you, let's break down next steps from deciding where and how much to put as well as determining term length and strategies like CD ladder and CD barbell.

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How to Decide the Right CD for You | NerdWallet

[leocardenas]

CD's make more since if you have 1 million in them. The math is just better.

[Pamcheryl]

Bottom line. When deciding between a long-term CD or putting money in the stock market, always take into account your goals and how long you'll need to achieve them. For long-term plans like retirement, the market offers better returns than locking up your cash in a CD.