"Deciding Between Short-Term and Long-Term CDs: Strategies for Maximizing Your Investment"

When deciding whether to invest $10,000 in a short- or long-term CD, consider your financial goals and when you'll need access to the funds. Short-term CDs offer flexibility and are currently benefiting from high interest rates due to the Federal Reserve's rate hikes, while long-term CDs typically offer higher interest rates for locking in funds for an extended period. Another strategy is CD laddering, which involves spreading investments across multiple CDs with different maturity dates to balance interest earnings with liquidity. Your choice should align with your need for liquidity and your interest-earning goals.