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YES...... and there is a great strategy for doing so
it is call laddering, for more details do a search on it
it works like this
usually, longer term bonds and CD's pay higher rates then shorter term ones, but rates are always changeing
so you might want to do something like the following:
1/5 of your money buy a 1 year CD
1/5 buy a 6 month CD
1/5 buy a 3 month CD in the first month
in the second month buy another 3 month CD with 1/5
in the third month buy another 3 month CD with the final 1/5
This way, each month you have a CD coming to maturity and you can use the money in an emergency, or roll it over into another 3 month CD or into a longer term CD if the rates become better
Good luck
llazyiest
yes
frank
yes u could
c2112d
yes
TERRYTOONS
Sure they will take all your money you want to leave behind!
been_there_done_that
Per bank account, or per bank? Yes, you can have more than one CD in the same bank.
jeff410
Yes and if you have a large amount to invest it may be a good idea to stagger them so they come due every few months instead of one all at once.
chickpea
yeah, you can put as much money as you want into a bank, they'll take it no problem!
Dashing Geek
As many as you want.
src50
A CD IS a bank account. Five Cds = five bank accounts.
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