How to buy CDs when rates are rising

By Marcie Geffner -

Interest rates on bank certificates of deposit, or CDs, have been super-low since the 2008 financial crisis.

Savers have waited -- and perhaps prayed. Investors have looked for ways to bump up their returns without taking on more risk than they can sleep with at night.

CDs, which return all of your principal, plus a certain rate of interest at the end of a specified term, can make sense in some situations even if rates are on the rise.

Should you buy them before the Fed raises rates this year for a second time since the Great Recession?

The answer isn't obvious because it depends on more than the uncertain rates climate.

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