The idea behind certificate of deposit ladders is pretty simple, explaining it in only words is fairly difficult. If you’ve ever tried to understand how a certificate of deposit ladders worked by reading it off a piece of paper, it probably took you a long time or you quit because it was too complicated. With the power of video, we’re able to bring the explanation to life and, if you’ve ever had trouble understanding, clear those things up for you.
If you’re unsure what a certificate of deposit is, take a few moments to read my Basics of Banking  post. Under account types, I explain what a certificate of deposit is.
I mentioned how ING Direct made is easier for you to create a CD ladder, there’s more about that on my post explaining how to ladder CDs at ING Direct . As is typical of most banks, they only offer 6-, 9-, 12-month CDs (for CD maturities of less than or equal to 12 months, they offer longer maturity terms though) but you can open multiple CDs through the one form, simplifying things. They don’t have the best CD rates  though.