As Certificates of Deposit (CDs) become a popular savings strategy due to rising interest rates – the highest they’ve been in 22 years – it’s left many wondering how they can utilize CDs to optimize their savings in today’s current economy.
Joining CNBC’s Your Money session, “The Untapped Savings Opportunity You’re Missing,” CD Valet Founder John Blizzard and Coldstream Wealth Management Chief Wealth Strategist Anne Marie Stonich talked about all things CDs and how this “old-school” strategy can be the best approach to savings in today’s economy.
Moderated by CNBC Financial Journalist JJ Ramberg, the CD-focused session shared insights on the positive role CDs play in a portfolio, why CDs can be better than Treasury Bonds, tax implications for CDs, and the best way to compare CD rates and open CDs whether you want to stay local or shop nationwide.
Whether you’ve already invested in CDs and are looking for tips on maximizing your savings or are still debating if a CD is the best savings strategy, watch the video below to learn more about why a CD could be the best approach to reaching your financial goals:
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