Advertising Disclosure
  1. Home
  2. Community
  3. Ask
  4. What Do You Use Cds For?

What Do You Use Cds For?

Anniebannanie
  |     |   3 posts since 2015

Hi,

I'm new here. So what do you use CDs for? Retirement savings, savings for a goal like a house or all of the above. With bond rates so low, I'm thinking of using CDs for my fixed income. Thanks.

Annie

  Post an answer
2


Answers
Shorebreak
  |     |   4,039 posts since 2010
I utilize laddered CD accounts as the core of the fixed-income allocation of my retirement portfolio.
Reply
5
topkapi56
  |     |   48 posts since 2011
You could use them for any of those.  I have CD's staggered out so I have consistent income planned out for several years.  It is about as safe a way you can find to do that.  You won't get rich if you aren't already but you will certainly have mostly undisturbed sleep!
Reply
2


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.