--- title: CDs Put Lazy Money to Work – Safely description: "If you’ve been waiting for the interest rates on CDs to start going back up, this is what you’ve been waiting for: our new 36-Month Fall Step-Up CD Special that pays 0.80% APY." image: https://blog.avadiancu.com/hubfs/PutLazyMoneyToWork_Blog.jpg --- [Skip to main content](https://blog.avadiancu.com/cds-put-lazy-money-to-work-safely#maincontent) # CDs Put Lazy Money to Work – Safely Money is naturally lazy. It won’t *do* anything on its own. But you can put your money to work. If you have some money that you can afford to put aside for a little while and not touch, opening a CD (Certificate of Deposit) is a great way to make your money grow. ![PutLazyMoneyToWork_Blog](https://blog.avadiancu.com/hs-fs/hubfs/PutLazyMoneyToWork_Blog.jpg?width=509&name=PutLazyMoneyToWork_Blog.jpg) If you’re not familiar with CDs, here’s a brief overview: With a CD, you put money (usually a minimum of $1,000, but not always) into an account and agree to leave it there for a predetermined amount of time (called the “term”). In exchange for leaving the money with the financial institution until the end of the term (when your CD “matures”), you’ll be paid a specified interest rate (the APY, or Annual Percentage Yield). Generally speaking, the longer the term, the higher the interest rate that you will earn. But what if you need that money before the end of the term? You can get it back, but you’ll have to pay a fee to access it before your CD matures. And here’s the kicker: Because Avadian Credit Union is federally insured by the National Credit Union Administration, your savings accounts are protected up to $250,000. But that’s not all, Avadian provides an additional $250,000 in insurance through Excess Share Insurance Corporation, a licensed insurance company. This credit union is federally insured by the National Credit Union Administration. 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