Are CDs a good investment?

The answer depends. CDs can be attractive for those willing to sacrifice returns for security, especially in higher interest rate environments. However, bonds and bond funds might be more suitable in lower interest rate environments.

Are CDs worth it in 2024?

CDs are less attractive now because of recent rate cuts, and with more expected to come, yields are likely to continue dropping. You might still find value in CDs if you're a conservative investor who needs a short-term, secure investment option, but other fixed-income securities could provide better yields with similar risk. Those in retirement could also benefit from a CD held in a Roth IRA, which protects your principal and creates tax-free income.

Are CDs FDIC insured?

CDs are FDIC insured when held at an FDIC-insured bank or financial institution for up to $250,000 per depositor, per bank in the unlikely event of bank failure.

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ARE CDS WORTH IT TODAY? FOR THE RIGHT INVESTOR, YES.

Are CDs worth it right now? Learn when they do and don’t make sense

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