Do a CD ladder. 3, 6, 9, and 12 months. Divided equally. When the 3 month matures, convert it to a 12 month. When the 6 month matures convert that to a 12 month and so on. Eventually, you will have 4 - 12 mont CD maturing every 3 months. This gives you access to some of your cash while still allowing you to earn interest.
I quickly explained that, but make sure you do your research on it.
It doesn't necessarily have to be 3 months apart. Do intervals that work for you
Berto_ t1_jegjmax wrote
Reply to Need advice on putting money into a CD, don’t know where to start by itsthebestlife
Do a CD ladder. 3, 6, 9, and 12 months. Divided equally. When the 3 month matures, convert it to a 12 month. When the 6 month matures convert that to a 12 month and so on. Eventually, you will have 4 - 12 mont CD maturing every 3 months. This gives you access to some of your cash while still allowing you to earn interest.
I quickly explained that, but make sure you do your research on it.
It doesn't necessarily have to be 3 months apart. Do intervals that work for you