What are “laddering” Certificates of Deposit (CDs)? Can I do this at Verve?
Laddering Certificates of Deposit (CDs) is an expression for using a variety of different term CDs so your CDs come due at different times, meaning your money isn’t all locked up for the same length of time. For instance, you may put your money into a 6-month CD, a 1-year CD and an 18-month CD with $6,000 each, so instead of $18,000 tied up in one investment for a longer period of time, you have three different investment terms. This is also a smart way to take advantage of rate changes in the marketplace.