The Add on CD Conundrum: A Flexible but Risky Option The world of certificates of deposit (CDs) has expanded in recent years, and one of its newest additions is the add on CD.
On the surface, it seems like a welcome respite from traditional CDs' rigidity, allowing savers to make additional deposits after the initial lump sum payment.
However, this flexibility comes with a steep price: lower interest rates. Add on CDs are particularly appealing to those with variable income or fluctuating savings goals.