Certificates of Deposit (CDs)
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How to Create a CD LadderCreating a CD ladder can be an easy way to maximize your potential earnings. The practice of using laddered CDs depends on your personal financial goals. They are great for people who want safety of capital, predictable cash flows, and simplicity. CDs are very easy to understand, to access, and to structure to meet your financial goals. Laddering CDs involves spreading your deposits across multiple CDs with varying maturity dates to create periodic cash and interest distributions to fit your needs. CDs offer you a variety of rates and when they mature you can decide renew at the current rate, withdraw, or both. Usually, the longer the term the better the rate and typical lengths offered are 3, 6, or 9 months, all the way up to 48 months (4 years). A laddered CD portfolio requires maintenance, but to simplify the process, you can opt to automatically renew your CDs.
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158 E. Cuyahoga Falls Avenue, Akron, OH 44310
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