A close friend recently asked if I used CDs (Certificates of Deposit) and would recommend them. So I thought I'd share my thoughts on CDs and tips on how to build a CD ladder. Let me start by saying that CDs are not great investments if you want to grow your wealth. Because they have such low risk, their rates of return are also very low. The annual percentage yield (APY) of CDs usually falls somewhere between 1%-5%. Not great at all. Sometimes, the APY can even fall well bel