Why should you put your money in a CD at a bank?

Answer by  Bart41 (178)

Bank CD's typically offer a higher interest rate than a regular savings account. You also have the freedom to determine the amount of time you want to have your money invested for. Usually, the longer term you select, the higher your interest rate will be. CD's are usually FDIC insured.

Answer by  John (9008)

These are very secure investments, and you will be paid a much higher interest rate than what you would get from a regular savings account.

Answer by  misterhrcpins (455)

You should put your money in a CD at a bank if you are afraid of investing in the stock market. CDs are a good investment if you are elderly or fearful of risk.