Certificates of deposit, or CD, are savings accounts that give you a guaranteed rate of return. If you’re looking to level up your CD game, you can try something called a “cd ladder,” which involves opening multiple CDs that all mature at different times so that you can have a consistent stream of money being freed up while you earn interest. Banking Nerd Chanelle Bessette shares more on CD's and the CD ladder strategy along with sharing 3 popular CD ladder strategies to help you understand which route can work for you. Suggested Articles: What Is a CD Ladder? - https://www.nerdwallet.com/article/banking/what-is-a-cd-ladder How to Invest in CDs: 3 Strategies - https://www.nerdwallet.com/article/banking/how-to-invest-in-cds Chapters: 0:00 - Intro 0:10 - CD Ladder Explained 0:35 - How To Set Up A CD Ladder 1:35 - CD Ladder Strategy 1: Create Your Ladder When You Want Access to your Money 2:34 - CD Ladder Strategy 2: Mini CD Ladder 2:58 - CD Ladder Strategy 3: Uneven Split Ladder 3:42 - Benefits of CD Ladders 4:26 - Drawbacks of CD Ladders #NerdWallet #CertificateofDeposit #Banking Subscribe to NerdWallet - https://bit.ly/3wGvVf3 About NerdWallet: We’re NerdWallet. And we’re not your typical finance company. We believe that everyone should be able to make financial decisions with confidence. We’ve built a team of Nerds with the knowledge, passion, and skills to make that happen. Thanks to our Nerdy experts, see side-by-side comparisons and objective reviews of the best credit cards, bank accounts, and so much more — so you can get even more financial clarity. It’s the smartest decision for all your financial decisions. Disclaimer: This video is for informational and educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Any comments posted under NerdWallet's official account videos are not reviewed or endorsed by NerdWallet or representatives of financial institutions affiliated with the reviewed products unless explicitly stated otherwise. Avoid disclosing personal or sensitive information such as bank accounts or phone numbers. NerdWallet employees do not offer personalized financial advice and will not respond to posts here. Connect with NerdWallet: Follow NerdWallet on TikTok: https://tiktok.com/@nerdwallet Follow NerdWallet on Instagram: https://instagram.com/nerdwallet Follow NerdWallet on Twitter: https://twitter.com/NerdWallet Follow NerdWallet on Facebook: https://facebook.com/NerdWallet NerdWallet Website: https://nerdwallet.com CD Ladder Explained: 3 Strategies To Increase Your Savings | NerdWallet https://www.youtube.com/c/nerdwallet