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Before we get into what the best CDs are right now lets define what a CD is.
Each throw in of CD has pros and cons depending on how you want to use them.
These CDs are designed to take advantage of rising rates to increase your rate over time.
Heres how Swad approaches variable rate CDs
Bump-Up CDs
Another flexible CD option is the bump-up CD.
Similar to variable-rate CDs, bump-up CDs allow you to increase your CD rate during your term.
But your rate will never decrease meaning theres no downside risk compared to variable-rate CDs.
But they usually pay lower rates.
They can pay better returns than a normal CD but require locking up a huge sum of money.
But while CDs are seen as a safe investment there are risks to be aware of.
With many types of CDs available, there might be one that fits your financial plan.
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