Want to Open a CD Today? Here's Why You'll Need to Proceed With Caution

Want to Open a CD Today? Here's Why You'll Need to Proceed With Caution

There are benefits to putting your money into a certificate of deposit, or CD. For one thing, you'll generally get to lock in a higher interest rate on your cash than what a savings account will pay you. Meanwhile, you may be particularly drawn to a CD right now because these products have been offering up higher interest rates lately.