--- title: CDs – Not for Long Term Money description: Learn why investing with a financial advisor in Greenville is more beneficial than parking money into short-term Certificates of Deposit. image: https://blog.globalviewinv.com/hubfs/Screenshot%202023-03-16%20at%2010.54.10%20AM.png --- [![3_Global-View-SMALL_long_black](https://globalviewinv.com/wp-content/uploads/2025/10/3_Global-View-SMALL_long_black-scaled.png#130)](https://globalviewinv.com) ✕ - [About Us](https://globalviewinv.com/about-us/) - [Our Story](https://globalviewinv.com/about-us/our-story/) - [Our Founder](https://globalviewinv.com/about-us/our-founder/) - [Meet Our Team](https://globalviewinv.com/about-us/meet-our-team/) - [Your Fee-Only Fiduciary Partner](https://globalviewinv.com/fee-only-fiduciary/) - [Referral Partners](https://globalviewinv.com/about-us/referral-partners/) - [Why Global View](https://globalviewinv.com/why-global-view/) - [Your Independent Advocate](https://globalviewinv.com/why-global-view/your-independent-advocate/) - 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[Our Fees](https://globalviewinv.com/what-we-do-global-view/our-fees/) [![2_Global-View-TAGLINE_stacked_white](https://globalviewinv.com/wp-content/uploads/2025/10/2_Global-View-TAGLINE_stacked_white-scaled.png#123)](https://globalviewinv.com) - [Who We Serve](https://globalviewinv.com/who-we-serve/) - [Case Study #1: Protecting What You’ve Built](https://globalviewinv.com/who-we-serve/case-study-1-protecting-what-youve-built/) - [Case Study #2: Maximizing Sale of a Business](https://globalviewinv.com/who-we-serve/case-study-2-maximizing-sale-business/) - [Case Study #3: Retiring in the Carolinas and Hiring a New Investment Advisor](https://globalviewinv.com/who-we-serve/case-study-3-retiring-in-the-carolinas-and-hiring-a-new-investment-advisor/) - [Contact Us](https://globalviewinv.com/contact-us/) - [Resources](https://globalviewinv.com/resources/) - [News & Insights](https://blog.globalviewinv.com/) - [Client Login](https://globalviewinv.com/client-login/) - [eBooks](https://globalviewinv.com/ebooks/) - 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[Setting the Path to Retirement](https://globalviewinv.com/setting-path-retirement/) - [Worry-Free Portfolio Management](https://globalviewinv.com/what-we-do-global-view/worry-free-portfolio-management/) - [Tax and Estate Planning Coordination](https://globalviewinv.com/what-we-do-global-view/tax-and-estate-planning/) - [Navigating Life After Loss](https://globalviewinv.com/navigating-life-after-loss/) - [Our Fees](https://globalviewinv.com/what-we-do-global-view/our-fees/) [![6_Global-View-Icon-black](https://globalviewinv.com/wp-content/uploads/2025/10/6_Global-View-Icon-black-scaled.png#68)](https://globalviewinv.com) - [Who We Serve](https://globalviewinv.com/who-we-serve/) - [Case Study #1: Protecting What You’ve Built](https://globalviewinv.com/who-we-serve/case-study-1-protecting-what-youve-built/) - [Case Study #2: Maximizing Sale of a Business](https://globalviewinv.com/who-we-serve/case-study-2-maximizing-sale-business/) - [Case Study #3: Retiring in the Carolinas and Hiring a New Investment Advisor](https://globalviewinv.com/who-we-serve/case-study-3-retiring-in-the-carolinas-and-hiring-a-new-investment-advisor/) - [Contact Us](https://globalviewinv.com/contact-us/) - [Resources](https://globalviewinv.com/resources/) - [News & Insights](https://blog.globalviewinv.com/) - [Client Login](https://globalviewinv.com/client-login/) - [eBooks](https://globalviewinv.com/ebooks/) - [Quick Guides](https://globalviewinv.com/quick-guides/) - [Videos](https://www.youtube.com/@Globalviewinv) # CDs – Not for Long Term Money ![](https://globalviewinv.com/wp-content/uploads/2025/11/gold-line.jpg) # Global View Commentary [![](https://blog.globalviewinv.com/hubfs/Screenshot%202023-03-16%20at%2010.54.10%20AM.png)](https://blog.globalviewinv.com/commentary/cds-not-for-long-term-money) # CDs – Not for Long Term Money [Financial Planning](https://blog.globalviewinv.com/commentary/tag/financial-planning) Mar 16th, 2023 By: [Joe Hines](https://blog.globalviewinv.com/commentary/author/joe-hines) ## **The lure of higher rates** When interest rates rise “savers” and some “investors” get excited about being able to earn more on their money. For twenty years we have seen nothing but low interest rates, with money markets and Certificates of Deposit earning practically nothing. When they start to rise people come out of the hills and everywhere trying park money into the higher rate CDs.  Everyone wants to make sure that their money is working for them and not just sitting idle. While I agree with this, the first step is to identify what is the purpose of the money. Is it to be used in the next 6 months, 5 years or 10 plus years?  Certificates of Deposit should only be used for two reasons: 1) Emergency funds or 2) Short-term needs.    Most people end up using short-term savings vehicles for long term money. You are almost guaranteed to lose money in savings accounts, money markets, and CDs. You’re thinking “But I put money in there not to lose money and have a guaranteed interest rate.” While that is true interest rates on these instruments are at or below the inflation rate, meaning you are losing money.  **Driven by Fear** Many people today use CDs to hide in fear of what might happen. What “might” happen? Anything can happen. But hiding in low interest, short-term CDs on what “might happen” is not smart. Your long-term goals are being derailed while living in fear.    Sitting idle in low interest rate CDs or money markets while inflation is at a 40 year high only erodes your money and does not help in any way. Just because a 6-month CD may be paying 4.5% you are still losing money because inflation is higher.  ### [***Do not get sucked into the current high CD rates and derail your long-term goals!***](https://globalviewinv.com/contact-us/) ![Joe Hines](https://blog.globalviewinv.com/hubfs/Joey%20Global%20View.jpg) ### Written by [Joe Hines](https://blog.globalviewinv.com/commentary/author/joe-hines) Joey's primary focus is working with clients in the goals setting and financial planning process. He has extensive experience is in helping clients facilitate the decision making process, leading them through the implementation of their financial plan and contributing to their peace of mind. This includes helping clients gain an understanding of estate planning, charitable giving, and helping them implement these plans by working closely with estate planning attorneys. [LinkedIn](https://www.linkedin.com/in/santuc/) [Read other posts](https://blog.globalviewinv.com/commentary/author/joe-hines) This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. ### **Are you on track for the future you want?** Schedule a free, no-strings-attached portfolio review today. 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