Selecting the right CD involves considering several factors:
Interest Rates: Compare rates from different institutions to find the best return. Term Length: Choose a term that aligns with your business's cash flow needs and financial goals. Minimum Deposit: Ensure the CD's minimum deposit requirement fits within your budget. Penalty Terms: Understand the penalties for early withdrawal to avoid unexpected costs. Insurance: Verify that the CD is insured by the FDIC or NCUA to protect your investment.