You’ll need your Social Security number and a photo ID.
Once the CD is funded, your job is done. Your money will earn a fixed interest rate until the . When the term ends, you can either withdraw your initial investment plus interest or "roll it over" into a new CD. The Bottom Line how to buy a certificate of deposit
If you have extra cash sitting in a standard savings account, you might be missing out on higher interest rates. A is a low-risk way to grow your money by "locking" it away for a set period. You’ll need your Social Security number and a photo ID
Link your current checking or savings account to transfer the opening deposit. 5. Let It Grow When the term ends, you can either withdraw
Should I include a section on to show how to keep your money accessible?
Best for money you’ll need soon, like a vacation fund.
Before you shop, decide how long you can live without the cash. CDs have "terms" that usually range from .