Short-Term vs. Long-Term CDs

Jun 4, 2025

Certificates of deposit (commonly referred to as CDs) are a reliable savings option offering a guaranteed interest rate for a specified period of time. CDs typically provide a higher interest rate than a standard savings account, but are still covered by deposit insurance. The crucial decision lies in choosing the right term length for your CD. CD terms can vary from a few months to several years, and understanding the core differences between term lengths is key. Let’s take a closer look at some of the pros and cons of short and long-term CDs [Click here to continue reading].