To avoid early withdrawal penalties or potentially forfeiting any interest earned on the funds in your CD, you want to be sure that you won’t need access to your money before your CD’s maturity date. Frequently asked questions In which situation would a certificate of deposit (CD) be the best banking choice?Ī CD may be the best banking choice for you if you are saving for a long-term goal with a specific timeline in mind.
We’ll walk you though how to build a CD ladder.
