CD Ladder – Rung #1

So by including my blog revenue of $202.72 into my savings account, that brings the balance to $611.24. So by surpassing this milestone, I have decided to start a CD Ladder to take my savings strategy to a different level..

Simply, a CD Ladder is a series of CD’s that are setup with the same term and same amount that will expire on a frequent basis for future cash needs. Here is a link that lays out a great example.

So I have decided to open up a 6 month CD from ING with an annual percentage yield of 3.65%. Hopefully I can save/earn another $500 in a few months to create the second rung on this CD Ladder.

Similar Posts to read:
• CD Ladder Investment – Rung #2 of 6
• CD Ladder Investment – 50% Complete
• Completing Rung 5 of my CD Ladder Investment
• CD Ladder Investment: Two-Thirds Complete
• Don’t get in the habit of giving interest-free loans, update your W-4