CD&#x27;s are terrible investments at the moment. A 1 year CD doesn&#x27;t offer a much better rate than a FDIC money market account, and I certainly would not invest in a longer term CD at the moment.<p>When interest rates tanked, I moved all of my CD&#x27;s to money market accounts when the term was up.<p>What is key is to only open a money market account at an institution with a long term track record of staying above average on rates compared to thier competition. You want to avoid the institutions which constantly raise and (and then lower) thier rates.  Bankrate.com is a good way to research these.