Are you looking for simple, risk-free ways to grow your money? You may want to consider storing some of your funds away in a CD, or certificate of deposit account. CDs are like savings accounts, but your money must sit in the account for a specific period of time and, in return, you can earn some pretty good interest on it.
Anna Manukyan, Ulta Beauty's Senior Director of Education and Creative, has a tip for you on how to find those competitive interest rates to determine what CD is best for you. Check out her advice in the video below, especially since APYs are higher than usual right now:
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