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Benefits of Investing in a Certificate of Deposit

Certificates of Deposit (CD) are a safe way to secure a return on your money, especially if you have some extra cash that you will not need for a period of time. Essentially, a CD is a deposit account with a term that can run from 3 months to up to several years. The interest then accumulates depending on the terms and rate chosen and approved...

How to Make the Most of a Certificate of Deposit

A certificate of deposit or CD account is a type of low risk investment where you put away a certain amount of money for a fixed timeframe, usually ranging from 3 months to 5 years. A CD is usually best suited for people who have cash that they will not need in the near future but, at the same time, are reluctant to invest in riskier options....

Best Times to Use a Certificate of Deposit

It is always advisable to save money and try to make money on your earnings. Save for your retirement, add to your IRA, and pay off your debts. If you are saving accordingly and still have extra funds sitting idle in your savings account, you can receive a higher return on your money by opening a Certificate of Deposit account (CD).

What is a Certificate of Deposit & Is It Worth Investing In?

Currently, a Certificate of Deposit (CD) is listed among other highly ranked and recommended investments. This is because, for the most part, CDs provide a higher return than a normal savings account. For this reason, most financial institutions have made Certificates of Deposit a staple of their financial product offerings.

May. 09, 2017 in

Banking, Savings Accounts

Tips for Growing Your Savings

Do you find that you have a hard time saving money? If your answer is yes, you’re not alone. Everyone wants to save money, but sometimes it can be difficult. Your savings account can help you to save for both short-term and long-term goals. If you want to start and grow your savings account, you may need to learn new habits and change your mind...

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