What to Know About CD Ladders, A Flexible Way to Save

One way to keep your earnings on track is to spread out your cash.

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If you’re looking for a flexible way to save, but still want to take advantage of high interest rates, building a CD ladder could help. Although interest rates on CD accounts have been softening, many accounts still offer 4% to 5%. With a CD ladder, you can lock in these high interest rates while they last and still access your cash at regular intervals.

What is a CD ladder? 

Rivan V. Stinson
Ex-staff writer, Kiplinger's Personal Finance

Rivan joined Kiplinger on Leap Day 2016 as a reporter for Kiplinger's Personal Finance magazine. A Michigan native, she graduated from the University of Michigan in 2014 and from there freelanced as a local copy editor and proofreader, and served as a research assistant to a local Detroit journalist. Her work has been featured in the Ann Arbor Observer and Sage Business Researcher. She is currently assistant editor, personal finance at The Washington Post.

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