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5 Tips on How to Start Collecting CDs1. Decide What Kind of CD To Open � 2. Choose Your CD Term � 3. Select a Bank To Open CD Account � 4. Apply for a CD Account � 5. Fund your CD. Tip: Before opening a CD, make sure you have an emergency fund�a comfortable amount of savings in an easily accessible account, such as a savings account. How. To open a CD, you'll need two forms of government-issued IDs and your social security number or ITIN number. You'll also provide basic.
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