Help on wise investment for teenager.?

The CD is an excellent start, no risk and an ok return. If you have a job you can start an Individual Retirement Account (IRA).

That's a long way off, but time, being 16, is your biggest asset.

I would start with some market index mutual funds like Vanguard 500. Do you have any stores you and your friends really like to shop in? Usually Malls have chains which stores are the most popular? Pick a store, goggle it, and do some research. You are going to be successful, start off conservative, get rich slow.

You will only get pennies with bonds or CDs. By the time your bond is mature, the money will probably be unchanged in value due to inflation. Stocks are a little bit better and may take a long time but they are not stable... the prices of stocks fluctuate too often, invest wisely. Since you are 16, you shouldn't have your money locked up in a CD. There are many savings accounts that range in 4-5%, you should keep your money liquid since college isnt so far ahead or just incase something happens and you need the money, no penalty will be inflicted.

If you want something that is "safe" you need to stick with the CD, stocks and bonds have risk (you can lose all of your money).