Money » Investing

For those frustrated by abysmal rates but determined to stick with CDs, laddering can be a useful strategy to maximize returns without tying up all your cash for too long.
Here's how it works: Say you have $10,000 to invest. The rates on CDs with terms of 3 months to 30 months range from 2% to 3.25% - better returns with more time, but still below inflation. Instead of locking up all your funds into the highest rate with the longest term you put $1,000 in 10 different CDs with ...