A CD ladder is a way to invest money in CDs (certificates of deposit) so that you always have some money available to you without penalty. With a CD ladder, you invest in a series of CDs with different expiration dates. This way, you always have some money available to you, but you also earn a higher interest rate on the money that you have invested for a longer period of time.

How do CD ladders work?

CD ladders are a great way to save for short-term goals. How do they work?

When you buy a CD ladder, you invest …