I started investing a lot of my savings in CDs this year when I saw how high APYs are right now.
In order to make sure I'm getting the most out of my CD strategy when average CD rates are high, I decided to chat with two financial advisors to hear their best tips.
"CD rates can vary wildly between banks, credit unions, and investment firms, so be sure to shop around whenever you are ready to buy one," he said.
"The last thing you want to do is have to pull out your CD money right before it matures because you need to purchase new tires."
Consider a CD ladderIn order to really maximize the current high APY offerings from CDs, Kovar suggested considering a CD ladder.
Persons:
Taylor Kovar, I've, Kovar, Patrick O'Leary, doesn't