How to Buy Bank CDs

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Buying bank CDs, or certificates of deposit, requires going to a bank, picking a CD and transferring assets to fund the CD. Find the best rates possible on a CD with advice from an investment portfolio manager in this free video on investing and personal finance.

Part of the Video Series: Investing & Retirement Funds
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Video Transcript

Ok so how to buy a bank CD. Very straight forward real simple and the banks will be very happy to help you. Basically go to your bank physically or online or on the telephone and if you have assets there already on deposits, it makes it much quicker. They will just transfer those assets into a certificate of deposit or CD of your choosing. And the CD rates again first thing you want to maybe take a look at and make sure that you are getting the best rate possible if you are concerned about getting the best, the highest rate that you can. And once you've determined that you've found the rate institution and the right certificate of deposit to invest in simply go to either many times at a bank even a teller can take care of this. One of the bankers there will be able to transfer money that you may have on deposit into that certificate of deposit. If you don't have money at that institution you can bring in a check and they will have that use to fund the CD for you.

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