Certificates of Deposit (CDs) provide a stable savings option with a fixed interest rate. This video explains how to buy CDs to earn over 5% Annual Percentage Yield (APY). - Enjoy!

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⏰ Timestamps ⏰
00:00 Intro
00:35 What Are CDs?
03:01 How Do They Work?
05:25 Overall Benefits
06:34 How To Invest In Them
08:24 CD Ladder
11:01 Things To Be Aware Of
12:21 Final Thoughts

Why Use Certificate of Deposits (CDs)?
Certificates of Deposit (CDs) offer higher interest rates than regular savings accounts, making them a secure choice for growing your savings without market risk. They are ideal for setting aside funds you won't need immediately, as they guarantee returns over a fixed term.

How Do Certificate of Deposits (CDs) work?
Certificates of Deposit (CDs) are time-bound savings accounts that offer a fixed interest rate in exchange for keeping your money deposited until a predetermined maturity date. Withdrawing funds before this date typically results in a penalty, ensuring the funds remain intact to accrue the agreed-upon interest.

Treasury Bills vs CDs?
Certificates of Deposit (CDs) and Treasury Bills (T-Bills) are both low-risk investment options, but they differ in several ways. CDs typically offer higher interest rates than T-Bills and are best for investors looking for a guaranteed return without needing immediate access to their funds, as early withdrawal incurs penalties. T-Bills, issued by the government, are generally considered even safer and are tax-advantaged, making them more suitable for those seeking short-term investments without state and local taxes on earnings. Choose CDs for higher, stable returns and longer-term savings, or opt for T-Bills for shorter, tax-efficient investment periods.

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