Maximize Your Savings Strategy
The CD Ladder vs. Rollover Calculator can help you grow your savings without sacrificing flexibility.
A smart savings strategy—like CD laddering—can help you earn competitive returns while keeping funds accessible. By structuring your deposits across multiple certificates of deposit with staggered terms, you can take advantage of higher rates and maintain liquidity.
CD Ladder vs. Rollover Calculator
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Certificates of deposit are a low-risk way to earn higher returns, but you'll need to keep your funds in the CD for a specified term - and longer terms often have the best rates. How can you earn more without tying up all your savings for a long time? The answer is CD Laddering.
Here's how this savings strategy works: You start by opening several CDs with different terms. Each time a CD matures, you can access the funds if needed or keep saving them by renewing the CD. There are many ways to structure a CD ladder. See if your approach could help you earn more than you would by keeping your funds in a single CD that renews periodically.
With this laddering strategy, you can grow your savings to a value of $0, whereas keeping your funds in a single CD that renews automatically will result in savings of $0 over the same period. This is a difference of $0.