What is a 4-year CD? A four-year CD is a type of savings product where you deposit money for four years or 48 months. Think of it like a locked box: You put money in, lock it for four years and ...
The best way to minimize taxes on a CD is to buy it within the framework of a tax-advantaged account, says Meade. Of course, that only delays — not cancels — taxes due on interest income.