Most of the world’s top financial advisors recommend that once you have paid you debt down, you set aside six to nine months living expenses in case of emergency.

A CD is a great place to put that money, but you must first be sure to research CD rates.

One-stop websites can help you compare bank CD rates. You can look them up by state and you can search for the best CD rates by how long you want the CD: from six months to five years.

That is definitely one of the benefits of stashing your emergency savings in a CD, you can earn money on interest instead of having it sit idle in a bank account.

So before you only check your local bank rates, be sure to do some comparison shopping.

It can save you money to pick the best bank CDs.