A “CD Tsunami” Is Coming: Are You Ready?

HerMoney with Jean Chatzky

CDs (Certificates of Deposit) often get dismissed as "your parent's savings plan"—safe but, let's be honest, a little boring. But in today's high-interest-rate environment, they're making a strong comeback as a smart choice for short- and medium-term savings. With inflation cooling and the Fed expected to cut rates soon, these great rates won’t last forever.

Joining us today is banking veteran and CEO of CD Valet, John Blizzard, to break down what CDs are, who should consider them, and whether now is the perfect time to invest.

Chapters:

00:00 Introduction

03:14 How To Find the Best CD Rates

05:21 Retail CDs vs. Broker CDs

09:12 Locking in High CD Rates in a Decreasing Interest Rate Environment

11:24 CDs: A Savings Option for Savvy Savers, Retirees, and Event Savers

13:26 Shopping Around and Being Aware of CD Rollover Options

16:24 Considering Digital Capabilities When Opening a CD

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