Tip #401 12 people found helpful

If you have money to invest in Certificates of Deposit, split the amount and buy four of them. Buy a 1-year, a 2-year, a 3-year and a 4-year CD.

As each CD fully matures, buy a new 4-year and within three years you'll have all four CDs invested at the maximum (4-year) rate. Since you have one maturing each year, if some unexpected expense comes up, you will still have some of the money available without incurring an early withdrawal penalty.

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