2 big factors.
1. your current age.
2. your goals.
what a 30 yr old and 55-60+ yr old need/want/desire will b drastically differnt.
cd's r great for short term saving, like if u plan of using the money for a downpayment for a purchase or something like that.
they are not a place to stash extra money u have , cause if u ever need it u gonna have to pay a withdrawl fee...... if u get 3 % , 1/3 of that and goes to taxes. alot of people forget that when they buy a cd. im not sayin they r bad, just not for everyone and many people buy em just cause the banks advertise em non stop.
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