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When is the best time to buy a Certificate of Deposit?
A traditional Certificate of Deposit (CD) offers a fixed interest rate over a fixed term, usually earning more interest than a savings account. Because the interest rate is stable throughout a CD’s life, it’s best to invest when interest is high. Rates are tough to predict, but experts suggest doing your homework to see if interest is trending up or down in the coming months. A little effort early on can pay off down the road.