Certificate of Deposit Rate Tip for 2013 – Stay Invested in Shorter Term CDs

The new year brings us more of the same, very low CD rates on all certificate of deposit maturities, from the shortest term to the longest term certificates of deposit. The CD rate curve is flat, which means the rate difference between 3 month and 5 year certificates of deposit is minimal. With such a small difference in CD rates, it makes financial sense to stick with shorter term certificates of deposit.