If you're afraid of the long term commitments of CDs or just inexperienced, take a look at a type of CD called No-Penalty (No-Penalty CDs are also known as liquid CDs or bump-up CDs). Traditionally No-Penalty CDs have a bit lower APY than regular CDs, but with such difficult financial times and if your job may be at risk, it's a perfect way to invest. Here is a rundown of some No-Penalty  CDs by months: