Depends, but generally speaking, the answer is No. It has been no in 1973, a no in 1984, a no in 1999, a no in 2013 and will be a no for the years to come.

A CD or certificate of deposit is perhaps the lowest risk, lowest yield form of investment vehicle available to you, from your bank.

It is not zero risk, but very low risk.

It is almost idiot proof. You don’t have to think about how it works, you don’t have to do much. You don’t have to track anything, heck, you don’t even have to pay attention. You just give you money to the bank (whom you already trust) and that’s it.

Low Risk = Low Yields.

If low risk, zero thinking, the low yield is your thing (as it is for millions of people) and you trust your bank, a certificate of deposit might just be your thing.

However, there is a world of financial instruments that beat CDs. I would highly recommend that you spend at least 6 months to a year, learning. Watch a video or two every single day about investing, finance, economics and you will be better informed before you make investment decisions.

YouTube is your savior. Don’t watch snake oil salesmen. Watch to learn. Do not watch those who are obviously selling something to you online or get-rich-quick-schemes (be very cognizant of such scammers).

Watch tutorials that help you learn. There are literally many, many examples, the two that immediately come to mind are Money Week (MoneyWeek) and Dave Ramsey Show (The Dave Ramsey Show).

Your investment risk appetite should be directly proportional to your understanding of the instrument you are investing in.