That naivete jumps for the segment of the population that grew
up after the era of eight-track tapes and 45s. The survey found
that 69 percent of 18- to 29-year-olds don’t know anything about
CDs or are at most, only vaguely familiar with them.
See if you know more about CDs than the average consumer by
taking our quiz.
Only 28 percent of consumers have put money in a CD. Younger
consumers are much less likely than older consumers to have ever
put money in a CD, Bankrateâ€™s survey shows.
a. When an investor buys a series of CDs at regular
b. When a CD is sold by a middleman who
offers fairly competitive prices on the CDs.
c. When a CD gives you an option to bump up
to a higher interest rate at some point during the term of the
Laddering evens out rate
fluctuations and makes cash available regularly. For instance, you
can take $25,000 and invest equal amounts of it in one-year,
two-year and five-year CDs. When the one-year matures, you can
re-enroll it in a five-year CD.