To answer your question, CD's are a safe, easy, and smart way of making your current savings work for you, especially when you do not think you will need to use your money right away. But make sure this is the case, because if you withdraw your money early on a CD account, you will have to pay penalties.

To help you find out more information and get started, below is a link for Bank of America. Look under CD's, checkout CD laddering and investment CDs to figure out how the length of time and amount deposited can affect the interest your money earns: http://www.bankofamerica.com/