Is it worth it to invest in a high-interest cd?

Answer by  km8738 (1917)

Absolutely. It depends how high that "high-interest" rate is in most cases. If you have money available that you won't use for awhile and are looking for a safe bet to make sure you get a return on it, CDs are a very viable option.

Answer by  Vladlen (358)

CDs (Certificates of Deposit) are quite safe investment instruments. But they quality depends on the issue bank. If bank is paying high interests, it can be a sign that issuer has some financial difficulties. Anyway, I would recommend to invest only 25-50% into anything that pays high interest.