Great question. You can purchase a CD from a bank (such as the bank you use to secure your cash right now) or another non-bank lending institution. Here's the link I shared in my post to a list from NerdWallet of the CDs offering the best interest rates right now: https://www.nerdwallet.com/best/banking/cd-rates
Robinhood doesn't offer CDs, but if you pay $5-per-month for Robinhood Gold, the brokerage will give you 3% interest for the cash you have with them that isn't currently invested in anything yet.
Where can you purchase a CD? Does Robinhood facilitate those kinds of investments?
Great question. You can purchase a CD from a bank (such as the bank you use to secure your cash right now) or another non-bank lending institution. Here's the link I shared in my post to a list from NerdWallet of the CDs offering the best interest rates right now: https://www.nerdwallet.com/best/banking/cd-rates
Robinhood doesn't offer CDs, but if you pay $5-per-month for Robinhood Gold, the brokerage will give you 3% interest for the cash you have with them that isn't currently invested in anything yet.