Regarding CD accounts I learned something the last time interest rates were 'high'. Back around 2000. I think I was earning around 5% from my credit union savings account but you could get 5-6% rates on 5 year CDs. I remember thinking "Why the hayl would I lock my money up for 5 years when I can get the same rate from my savings account which is completely liquid"? I learned why after rates came down. If I'd bought that 5 year CD I'd have been earning 5 or 6% for the next 5 years ... but I didn't! It's all about risk/reward and hedging your bets. If you don't have the time or desire to learn about it maybe it's time for a financial advisor.