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Many people are still nervous about their investments and bank accounts despite the passage of a Wall Street rescue bill.

Most financial advisers are telling their clients if they're still in the market, they might as well stay there. Getting out now means investors will sell at a low point. The idea is buy low and sell high, not the opposite.

But investors may want to consider putting some of their money in CD's in these trouble times. Although the rate of return may be less than the market long term, at least it is fixed at the time of the purchase. In addition, CD's are almost always insured.

CD's are a short to medium term deposit and most financial institutions offer them. Most last three months, six months, nine months or one to five years. Some banks have even longer term CD's.

Although the interest rate isn't great, it is better than most money market or savings accounts. Just be sure not to withdraw money before the term is due or you will get socked with a penalty.

Investors may also want to start a CD ladder. That is buying a number of CD's at different maturities and interest rates.

As each CD matures, investors have the flexibility of either reinvesting by rolling into a higher CD rate or cashing it out. Investors will always have some liquid money available for surprises or big events.

As always, consult your financial adviser or trusted bank official before taking action.


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