Tag: CDs
CDs vs. Bonds 2: The Best Options for Retail Savers and Investors
Getting your finances “together” means putting idle money to work. Saving and investing can be tough concepts for the average person because they involve risk. Today, I want to assist retail savers and investors in deciding which products are best for their unique situations. The first step to making informed decisions is accumulating lots of…
It’s Time to Purchase a Certificate of Deposit: The Magic of High-Yield CD Reinvestment
I just received an email from Discover (where I have my high-yield savings account) offering me 5.20% interest on a 12-month certificate of deposit. It’s been a long time since CD yields were this high, and I fear they won’t last much longer. I personally have a higher risk tolerance than most, so CDs aren’t…
CDs versus Bonds: The Battle for Your Hard-Earned Cash
The first step to becoming an investor is earning interest on your money. It may sound trivial, but most people don’t arrive at this achievement. I wrote an entire series on the benefits of earning interest from multiple sources such as high-yield savings accounts, certificates of deposit, Series “I” Savings Bonds, and Treasury Bonds. Today,…
