Are CDs Worth It, and Managing a Life-Changing Windfall

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 20 March 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

The rates on certificates of deposit have shot up over the past year. But are CDs really a good option, especially when high-yield savings accounts are offering similar yields? Sean Pyles and Sara Rathner discuss. Then Sean and Liz Weston talk with a listener about how to manage a life-changing financial windfall. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Timestamps: This Week in Your Money segment: 0:00 - 6:33 Money Question segment: 6:34 - 30:44 Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Prime Video brings thrilling entertainment.
0:03.0	Watch Heavyweight Detective Breacher, Season 3 included with Prime.
0:07.0	Exactly how much danger is this job putting me in.
0:10.0	Treat yourself to the lovably chaotic Bridget Jones mad about the boy available to buy.
0:15.0	Did you have sex? Did you have sex?
0:17.0	Did you have sex last night?
0:19.0	Yes! And it was amazing!
0:23.0	Whatever you're into, it's right here.
0:25.3	Prime Video.
0:27.1	Click or tap the banner to find out more.
0:29.8	Hey folks, Sean here.
0:31.5	We are off for the holiday, so please enjoy this episode from our archives.
0:36.4	And in the meantime, send us your money questions.
0:38.6	Call or text us on the nerd hotline at 901-7306373.
0:43.5	That's 901-730 N-N-E-R-D,
0:46.4	or email us at podcast at nerdwallet.com.
0:49.4	All right, thanks so much.
0:50.3	Talk to you next week.
0:59.7	Hey, Sarah, what would you do if you found yourself suddenly single with $100,000 to spend? I'd probably have a couple of follow-up questions. Like, was my
1:06.1	husband abducted by aliens in exchange for the money? Well, okay, that's not exactly the
1:10.8	situation that one of our listeners found themselves in,
1:13.4	but we'll get into that more later on.
	...

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