The Current State of CDs: Experts Weigh In.

With interest rates on the rise, CDs are a good option for investors looking to grow their savings in a safe way and meet specific financial goals, beat inflation, and guarantee themselves more money. CDs can also be suitable for those who want to avoid market volatility. However, investors should keep in mind that buying a CD means locking up their money for the specified CD term, and early withdrawals may incur penalties. CDs may work for some investors and may not for others, depending on factors such as risk tolerance, need for liquidity, and expectation of returns.