What Your CD Test Score Means  Find Out What CD Is Right For You
If you’re looking for an investment that protects your principle
while giving you a higher return than traditional savings
accounts, Certificates of Deposit (CDs) are a smart option. They
are FDIC insured which means that your money is protected by the
US Government up to $100,000. To help you decide whether a
short-, medium- or long-term CD is right for you, compare your
test score to the chart below.   If Your CD Test Score is…
Under 70 points:  You need a lot of liquidity, so a CD may not
be right for you. Keep accumulating money in an investment
savings account, like a money market account.  70 to 80 points:
You need some liquidity, but you can afford to lock your money
in for a short period of time. Choose a short-term CD that
matures in 7 days to 12 months, and match the maturity date to
your needs.  85 to 95 points:   100 points or more:  You can
afford to take advantage of the higher interest rates a long-
term CD yields. Consider a CD