5 Reasons a CD is a Smart Place to Park Cash in 2024
- To lock in higher interest rates that are the highest seen in over a decade
- To hedge against a potential market decline since CDs offer a guaranteed return
- For a safe store of value to beat inflation which is still over 3%
- To diversify investments and reduce overall risk instead of just relying on stocks or real estate
- To boost short-term savings goals that are within 3 years where you want growth without much risk