What Is A Certificate Of Deposit And How Do CD Ladders Work?

Savings of any kind is an absolute necessity to help you deal with unexpected emergencies and have money available for future spending needs and wants.

While savings accounts are great, you might want to earn more interest than you do on your savings account. If you’re hesitant to invest extra savings in real estate or the stock market, a Certificate of Deposit (CD) could be a good option for you.

A Certificate of Deposit (CD) typically pays a higher rate of interest than a standard savings account…