Maximize your CD earnings for retirement by laddering. It’s a way to take advantage of earning at higher interest rates by spreading maturity dates over a period of time. It’s a good option for a mature savings portfolio.
Example: instead of investing all of your money into one certificate, divide it into five separate certificates and purchase a one-year, two-year, three-year, four-year and five-year certificate. Each year, you roll the certificate that comes due into a generally higher-yielding five-year certificate. After five years, all your certificates will be earning the higher rate of interest at the time and, even better, you’ll have liquidity. This method helps ensure that you always have access to part of your funds within one year.
To get started or to learn more, talk to a VyStar Representative today to find out if a CD is right for you. Call (904) 777-6000, 1 (800) 445-6289 or stop by any VyStar branch.