How to Save for a New Year

Sally Kohn: I'm not somebody who likes to take big risks with money that is meant to be safe and sound. When interest rates go up that high, she says, it's a sign the government needs this money. She explains how you can lock in at least 5.15% for 18 to 23 months by using a checking CD. Next week we'll try to max out the contribution for the year on our New York show.