Certificate of Deposit FAQs
I’ve heard about “laddering” certificates of deposits (CD’s)…what does this mean? Can I do this at CitizensFirst?
Laddering CD’s refers to utilizing a variety of different term CD’s so that your CD’s come due at different times so your cash isn’t all tied up the same length of time. For instance, you may purchase a 6-month CD and a 1-year CD and an 18-month CD with $6,000 each, instead of tying up $18,000 in one investment. This is a smart way to take advantage of rate changes in the marketplace as well.