No Penalty CD vs 3-Month CD: Compare Rates
A 3-month CD is a short-term investment with a fixed interest rate for three months. Typically, 3-month CD rates are lower than longer-term CDs, but investors benefit from the flexibility of a shorter term. On the other hand, a no penalty CD offers investors the option to withdraw their money before the CD matures without […]
No Penalty CD vs 6-Month CD: Compare Rates
CDs are low-risk investments that offer fixed interest rates for a specified period, typically ranging from a few months to several years. Two types of CDs that investors often consider are the traditional 6-month CD and the no-penalty CD. While both options offer stable returns, they have different terms and benefits that may appeal to […]
3-Month CD vs 6-Month CD: Compare Rates
If you’re looking to invest in a certificate of deposit (CD), one of the decisions you’ll have to make is the term of the CD. CDs are offered in a variety of terms, typically ranging from a few months to several years. Two popular CD terms are 3-month and 6-month CDs. While a 3-month CD […]
6-Month CD vs 1-Year CD: Compare Rates
When it comes to saving money, certificates of deposit (CDs) are a popular choice for many people. CDs offer a higher interest rate than traditional savings accounts, and they are considered to be low-risk investments. However, choosing the right CD term length can be a bit confusing, especially when trying to decide between a 6-month […]
3-Month CD vs 1-Year CD: Compare Rates
As an investor, one of the key considerations when choosing a certificate of deposit (CD) is the term length. Two popular options are the 3-month CD and the 1-year CD, both of which offer competitive rates and are widely available from banks and credit unions. However, there are differences in CD rates and early withdrawal […]
1 Year CD vs No Penalty CD: Compare Rates
Certificates of deposit (CDs) are a popular investment option for those looking to earn a guaranteed rate of return. Two types of CDs that often come up in discussions are the 1-year CD and the no penalty CD. Both of these CDs have their advantages and disadvantages, and it can be difficult to determine which […]
1 Year CD vs 3 Year CD: Compare Rates
Certificates of deposit (CDs) are a popular type of investment that offer a guaranteed return and low risk. However, choosing the right CD can be challenging, as there are various terms, rates, and fees to consider. If you’re looking to compare 1-year CD and a 3-year CD, this article is for you.. In this article, […]
1 Year CD vs 2 Year CD: Compare Rates
If you’re looking for a low-risk investment option that can earn you some interest, then you might want to consider a certificate of deposit (CD). CDs are a type of savings account that typically offer higher interest rates than traditional savings accounts, but with the tradeoff of locking your money up for a set period […]
CommunityWide Federal Credit Union CD Rates, May 2023
Table Of Content CommunityWide Federal Credit Union has a variety of banking products including savings, checking and certificates. The credit union also has lending products including home and personal loans. This makes CommunityWide a viable option for your banking needs. So, here we’ll explore CommunityWide Federal Credit Union certificates in more detail to help you […]
1 Year CD vs 5 Year CD: Compare Rates
When it comes to investing money, a Certificate of Deposit (CD) can be a great option for those looking to earn a higher interest rate than a typical savings account. CDs come in various terms ranging from a few months to several years, and the interest rates and requirements can vary significantly depending on the […]
Bethpage Federal Credit Union CD Rates
Table Of Content Bethpage Federal Credit Union has an extensive product line including a number of certificate options. These are available to anyone, provided that they become a member of the Bethpage Federal Credit Union, which we’ll discuss in more detail later. So, here we’ll explore these certificates in more detail to help you decide […]
State Bank of Texas CD Rates, May 2023
Table Of Content State Bank of Texas has a number of banking products including personal CDs. While it is not possible to open a CD online, State Bank of Texas does have a provision to mail in an account application, so you don’t need to live in Texas to access this product. Learn More State […]
Brokered vs. Traditional CDs: How They Compared?
Table Of Content When it comes to investing in certificates of deposit (CDs), there are two main options: traditional CDs and brokered CDs. While they may seem similar at first glance, there are key differences between the two that can affect your returns and overall investment strategy. In this article, we’ll explore the differences between […]
Consumers Credit Union Certificate Rates, May 2023
Table Of Content As the name suggests, Consumers Credit Union was set up to appeal to consumers and as such this financial institution offers a comprehensive line up of personal banking products including checking, savings, loans, home loans, investing and certificates. But how do the Consumer Credit Union certificates stack up against the competition? Here […]
CD Rates Full Comparison: Navy Federal vs. PenFed
Table Of Content Two credit unions that offer competitive Certificate rates are Navy Federal Credit Union and Pentagon Federal Credit Union (PenFed). Whether you’re a current member of one of these credit unions or looking to join, understanding the details of their CD offerings can help you maximize your savings. In this article, we’ll compare […]
CD Rates Full Comparison: Synchrony vs. Discover
Table Of Content When it comes to saving money, certificates of deposit (CDs) can be a great option for individuals who are looking to earn a fixed rate of interest while keeping their funds safe. However, with so many banks and financial institutions offering CDs, it can be challenging to determine which option is the […]
Compare CD Rates: Citibank vs. Bank Of America
Table Of Content Bank of America and Citibank are two of the largest banks in the United States, each offering a variety of financial products to customers. Among these products are certificates of deposit (CDs), which offer a low-risk way to save money and earn interest over time. In this article, we’ll take a closer […]
Compare CD Rates: Capital One vs. Marcus
Table Of Content Certificates of deposit (CDs) can be a great way to save money and earn interest over a fixed period of time. But with so many banks and financial institutions offering CDs, it can be difficult to know which one to choose. In this article, we’ll take a closer look at two popular […]
CD Rate Comparison: Wells Fargo vs Citibank
Table Of Content Certificates of Deposit (CDs) are a popular option for those looking to invest their money and earn a fixed interest rate over a set period. Two major banks that offer CDs to their customers are Wells Fargo and Citibank. There are some key differences in their rates, terms, and conditions that potential […]
Comparing CD Rates: Capital One vs. Discover Side By Side
Table Of Content If you’re looking for a low-risk way to grow your savings, certificates of deposit (CDs) can be a good option. Two popular banks that offer CDs are Capital One and Discover. In this article, we’ll compare and review the CD rates offered by these two banks, as well as explain how CDs […]
Comparing CD Rates: Wells Fargo vs. Bank Of America
Table Of Content Certificates of deposit (CDs) can be a low-risk investment option for individuals who want to earn higher interest rates than a typical savings account. Two major players in the banking industry, Wells Fargo and Bank of America, offer CDs with varying rates and terms. In this article, we’ll compare the CD rates […]
Comparing CD Rates: Ally vs. Citibank Side By Side
Table Of Content Citibank and Ally Bank are two financial institutions that offer competitive CD rates to their customers. However, understanding the details of each bank’s CD offerings, including early withdrawal fees and minimum deposit requirements, can be critical in making the most of your investment. In this article, we’ll compare Citibank and Ally Bank’s […]
Comparing CD Rates: Capital One and Chase Head-to-Head
Table Of Content Two banks that offer competitive CD rates are Capital One and Chase. In this article, we will explore and compare the CD rates offered by these banks, as well as delve into how CDs work and the different terms and conditions that come with them. We’ll also examine the consequences of early […]
Comparing CD Rates: Synchrony and Ally Head-to-Head
Table Of Content When choosing a bank for your CD, it’s important to compare interest rates and fees to ensure you’re getting the best deal possible. Two popular options for CDs are Ally Bank and Synchrony Bank, both of which offer competitive rates and flexible terms. In this article, we’ll take a closer look at […]
CD Rate Battle: Comparing Synchrony Bank vs. Citibank
Table Of Content As interest rates continue to climb, investors are constantly on the lookout for the best CD rates to maximize their returns. Two popular options for investing in CDs are Synchrony Bank and Citibank. While both banks offer competitive rates, their early withdrawal fees and terms can vary. In this article, we’ll compare […]
What Is A Callable CD?
Table Of Content In this article, we will provide a detailed overview of callable CDs, including how they work, their pros and cons, and situations in which investors may want to consider them. Whether you are a seasoned investor or just starting out, this article will help you understand whether a callable CD is a […]
What’s The Minimum Deposit To Open A CD Account?
Table Of Content Why Do Banks Require A Minimum Deposit? Banks require a minimum deposit when opening a Certificate of Deposit (CD) for a few reasons: Guaranteeing a Return on Investment: Banks offer higher interest rates for CDs compared to regular savings accounts. By requiring a minimum deposit, they can ensure that customers are serious […]
Comparing CD Rates: CIT Bank Vs Synchrony
Table Of Content Two major players in the CD market are CIT and Synchrony, both of which offer a range of terms and interest rates. In this article, we’ll compare CIT and Synchrony CDs, focusing on their different terms and early withdrawal fees. By the end of this article, you’ll have a clear understanding of […]
CD Rate Battle: Comparing Amex And Bread Savings
Table Of Content CDs are a well-liked option for individuals who wish to earn interest on their savings while keeping their money safe. American Express Bank and Bread savings are two decent online banking choices that provide CDs. While both banks offer competitive rates and flexible terms, they have significant differences. This article will examine […]
CD Rate Battle: Comparing Capital One and Citibank
Table Of Content Certificates of Deposit (CDs) have long been a go-to for savers seeking to grow their wealth securely. Among the many online banking options, Capital One and Citi Bank can be a decent choice. Although both offer attractive rates and flexible terms, there are significant differences between the two. In this piece, we’ll […]
Synchrony vs Marcus: Which Offers Better CD Rates?
Table Of Content Synchrony Bank and Marcus are two noteworthy online banks that provide CDs with competitive rates and varying terms. Whether you seek a brief or extended investment option, Synchrony Bank and Marcus provide a broad spectrum of CD terms to select from. This article will analyze and compare the CD rates presented by […]
Marcus vs Discover: Which Offers Better CD Rates?
Table Of Content Investing in a certificate of deposit (CD) is a smart way to earn higher interest rates on your savings while keeping your money safe. In this article, we’ll compare the CD offerings from Marcus and Discover, two popular online banks with competitive rates and flexible terms. We’ll take a closer look at […]
Wells Fargo vs Chase: Which Offers Better CD Rates?
Table Of Content In today’s interest rate environment, certificates of deposit (CDs) can be a smart investment option for savers who want to earn a bit more on their money without risking it in the stock market. Both Chase and Wells Fargo banks are well-established in the United States, but their CD offerings differ in […]
Ally vs Discover: Which Offers Better CD Rates?
Table Of Content Certificates of Deposit (CDs) are a popular way for savers to earn interest on their money while keeping it safe and secure. Two of the top choices for online banking and CD options are Ally Bank and Discover. While both banks offer competitive rates and flexible terms, there are some notable differences […]
Comparing Brokered CD Rates: Vanguard Vs Fidelity
Table Of Content Vanguard and Fidelity are two major brokerage firms that offer CD options to their customers. With their reputations for providing high-quality investment options, both Vanguard and Fidelity offer attractive CD options for customers looking to diversify their investment portfolio. In this article, we will compare the CD rates offered by Vanguard and […]
What Is An IRA CD? Beginner’s Guide
Table Of Content An Individual Retirement Account Certificate of Deposit (IRA CD) allows you to save for retirement while taking advantage of the tax benefits of an IRA. In this article, we will explore what an IRA CD is, how it works, and the potential benefits and drawbacks of investing in an IRA CD. What […]
Comparing CD Rates: Capital One vs Ally
Table Of Content Capital One and Ally Bank are two prominent online banks that offer CDs with competitive rates and terms. Whether you are looking for a short-term or long-term investment option, Capital One and Ally Bank offer a range of CD terms to choose from. In this article, we will compare the CD rates […]
Comparing CD Rates: Chase vs Bank Of America
Table Of Content Certificates of Deposit (CDs) are a popular investment option for customers looking for a safe and secure way to grow their money. Two of the largest banks in the United States, Chase and Bank of America, offer CDs with varying rates and terms. In this article, we will compare the CD rates […]
IRA vs. CD: What’s The Difference?
Table Of Content What is IRA? IRA stands for Individual Retirement Account. It is a type of savings account designed to help individuals save money for retirement. With an IRA, individuals can make contributions on a tax-deferred basis, meaning that they do not pay taxes on the money they contribute until they withdraw it in […]
Maximizing Your Savings: A Guide to Brokered CDs
Table Of Content Brokered CDs offer a way to invest in CDs through a brokerage firm, rather than purchasing them directly from a bank or credit union. With potentially higher interest rates, greater flexibility in terms of duration and issuer, and the assurance of FDIC insurance, brokered CDs can be an attractive addition to a […]
How To Compare And Choose A CD?
Table Of Content What Is A CD? A Certificate of Deposit (CD) allows investors to earn a fixed rate of interest on their money for a specified period of time. When you invest in a CD, you agree to leave your money in the account for a certain length of time, which can range from […]
Do You Really Want To Lend to The US Government?
Table Of Content In the past, it was not only patriotic, but also a safe investment to lend money to the government in the form of US treasury securities. The government is almost always in need of funds and by investing in treasury securities, you are essentially lending money to the government for an agreed […]
Comparing CD Early Withdrawal Penalty: How Much You’ll Pay?
Table Of Content What Is CD Early Withdrawal Penalty? A CD (Certificate of Deposit) early withdrawal penalty is a fee charged by banks or other financial institutions when a CD holder withdraws money from their CD before the maturity date. A CD is a type of savings account that offers a higher interest rate than […]
Are Banks Happy With High Inflation?
Table Of Content Since 2020, the rate of inflation has appeared to skyrocket. Many consumers are aware that prices of everyday items, consumer goods and fuel have increased dramatically, but the high rate of inflation has impacted prices throughout the economy. Over the last few years inflation has been as high as 9.1%, with no […]
Live Oak CD Rates: High APY On Specific Terms
Learn More Live Oak Bank CDs APY Range Minimum Deposit Terms Fees $0 Live Oak Bank CDs APY Range Minimum Deposit Terms Fees $0 Learn More Live Oak Bank CD Rates The Live Oak Bank CD rates vary according to the term, with the highest rates currently offered for six month and one year CDs. […]
The FED Dilemma: Higher Levels of Interest Rates May Be Too Risky
Table Of Content Inflation has become a widely discussed topic on the news and even other media programs, but what is the impact of higher levels of inflation and how has it created a dilemma for the FED? Here we’ll explore this topic in more detail. The Inflation Surprise: The FED Didn’t See It Comes […]
10 Types of Certificates of Deposits (CDs): Which Is Best?
Table Of Content How Does A Traditional CD Work? Traditional CDs are a type of investment product offered by banks and other financial institutions. When an investor purchases a CD, they agree to deposit a specific amount of money with the institution for a fixed period of time, typically ranging from several months to several […]
Can You Add Money to a CD?
Table Of Content Can You Add Money to a CD Before Maturity? Generally, once you open a Certificate of Deposit (CD) account and deposit money into it, you cannot add more money to it until the CD matures. However, there are some exceptions: Some financial institutions offer “add-on” CDs that allow you to add money […]
Vanguard CD Rates, May 2023
Vanguard is primarily an investment firm, so it comes as a surprise to many that you can access CDs with this company. Vanguard offers brokered CDs, which can be integrated into your cash investment strategies, accessing a set interest rate and enjoying FDIC coverage. The company offers a variety of FDIC insured CDs with different […]
Fidelity CD Rates
Fidelity is best known as an investment platform, so you may be surprised that you can access CDs from this firm. In fact, Fidelity offers brokered CDs. These differ from traditional CDs as while they are issued by banks, they are only available to brokerage customers. Fidelity CDs are available as new offerings and via […]
Merrick Bank CD Rates, May 2023
Learn More Merrick Bank CDs APY Range Minimum Deposit Terms Fees $0 Merrick Bank CDs APY Range Minimum Deposit Terms Fees $0 Learn More Merrick Bank CD Rates Merrick Bank offers competitive interest rates on its CDs, which are generally higher than most online banks and credit unions. Naturally, the APY is determined by your […]
Charles Schwab CD Rates
Charles Schwab is primarily known as an investment platform, but it also has a line of banking products including checking accounts, savings accounts and CDs. Charles Schwab CDs are available with a variety of terms and a reasonable minimum deposit requirement. Learn More Schwab CDs APY Range Minimum Deposit Terms Fees $0 Schwab CDs APY […]
Best 2-Year CD Rates For May 2023: Comparison
Table Of Content A two-year CD has a two-year term, meaning your money is committed to it for that long. You will be charged an early withdrawal penalty, which is often several months’ worth of interest, if you do need some or all of your money before this maturity date. When your CD matures after […]
Best 6-Months CD Rates For May 2023: Comparison
Table Of Content A 6-month CD (Certificate of Deposit) is a type of savings account that offers a fixed interest rate for a period of six months. The depositor agrees to leave the funds in the account for the entire term, and in return, they receive a higher interest rate than a traditional savings account. […]
Best 1-Year CD Rates For May 2023: Comparison
Table Of Content What Are The Current CD Rates for One Year? There is no easy answer to this question as the rates are determined by the individual financial institution. At the time of writing this article, the national average rate for one year CDs is 1.28%, but there are some banks that are offering […]
Citizens Bank CD Rates, May 2023
Citizens Bank is not available across America, as it only operates in 15 states including Connecticut, Michigan, New Hampshire, New York, New Jersey, Ohio, Vermont, Pennsylvania, Virginia, Maryland, Delaware, Washington DC, Delaware, Florida and Massachusetts. However, despite this limited presence, Citizens Bank has a variety of personal and business banking products, including various savings accounts […]
TIAA Bank CD Rates, May 2023
TIAA Bank offers certificate of deposit (CD) accounts as one of its savings products. TIAA CDs are a type of savings account where you deposit a fixed amount of money for a set period of time, ranging between . Learn More TIAA Bank CDs APY Range Minimum Deposit Terms Fees $0 TIAA Bank CDs APY […]
CIT Bank CD Rates, May 2023
CIT bank is a fully digital, online financial institution, offering a variety of banking and lending products including CDs. Unlike many financial institutions, CIT has a decent variety of CD options to help you to choose the one best suited to your requirements and preferences. This includes term CDs, no penalty CDs, Jumbo CDs for […]
Navy Federal CD Rates, May 2023
When it comes to credit unions, it is called a certificate instead of a CD. Certificates are considered a low-risk investment option, as they are insured by the National Credit Union Administration (NCUA) up to certain limits. Navy Federal Credit Union offers a variety of certificate options with different terms and interest rates, allowing members […]
PNC Bank CD Rates, May 2023
Table Of Content Although checking, savings, and credit card accounts are what PNC Bank is most well-known for, this financial institution also provides CDs. Unfortunately, the CD rates offered by PNC Bank are not particularly enticing, as is pretty common with traditional banks. To assist you decide if these things are the best choice for […]
TD Bank CD Rates, May 2023
CDs are considered a low-risk investment option, as they are insured by the FDIC (Federal Deposit Insurance Corporation) in the United States and by the CDIC (Canada Deposit Insurance Corporation) in Canada, up to certain limits. TD Bank offers a variety of CD options with different terms and interest rates, allowing customers to choose the […]
Synchrony Bank CD Rates, May 2023
Table Of Content Synchrony is an online bank offering a variety of deposit accounts including high yield savings and CDs. While Synchrony does not have any physical branches, it does have a solid reputation for offering impressive rates and minimal fees. The line of CDs ranges from three months to five years with different terms […]
Bank Of America CD Rates, May 2023
Table Of Content Bank of America is best known for its everyday banking products including checking, savings and credit card accounts, but this financial institution also offers CDs. Unfortunately, as is fairly typical with traditional banks, Bank of America CD rates are not particularly attractive. But, here we’ll explore these products in more detail to […]
Best 3-Month CD Rates: Comparison
Table Of Content CDs are a fixed term savings product. They are considered a safe investment as there is no risk that you will lose your initial investment and you can receive a specific rate of return or APY on the amount in your CD. The three month in a three month CD refers to […]
Best 5-Year CD Rates For May 2023: Comparison
Table Of Content CDs or certificates of deposits are fixed term savings products. These are classified as a safe investment as there is minimal risk that you will lose your investment, particularly if you choose a financial institution with FDIC coverage. You will receive a specified APY or rate of return on the balance in […]
Best No Penalty CD Rates For May 2023
If you’re looking for a safe investment, one of the best products is a CD. However, one of the drawbacks of CDs is that you are tying your funds up for the specified term. This means that if you have a two year CD, if you need to withdraw funds in the first two years, […]
PenFed CD Rates (Money Market Certificated)
Table Of Content PenFed Credit Unions offers many different money-saving products, particularly competitive certificate Rates. Pentagon Federal Credit Union offers many different certificate options, the most popular being their three, five, and seven-year options. Learn More Pen Fed Certificates APY Range Minimum Deposit Terms Fees $0 What’s the Difference Between a Certificate and a Certificate […]
Ally Bank CD Rates Of May 2023
Table Of Content If you’re looking to get the best return on your savings with the minimal amount of risk, you may have already come across Ally Savings. However, Ally also has a variety of CDs with terms ranging from three months to five years and various options to choose the best product for your […]
What Is No Penalty CD? Beginner’s Guide
Table Of Content What Is A No Penalty CD? A no-penalty CD is similar to a traditional one in that it will earn money while it is deposited in the CD. However, there are a few key differences that separate a no-penalty CD and a traditional CD. No Penalty Early Withdrawal – one of the […]
BMO Harris Bank CD Rates
Table Of Content BMO Harris Bank offers a few different CD options for people to choose from. These CDs offer competitive APY, varied term lengths, FDIC insurance, and easy deposit options. This article will be focusing on the ins and outs of CDs offered at BMO Harris Bank. Learn More BMO Harris CDs APY Range […]
Discover Bank CD Rates Of May 2023
Table Of Content Discover is best known for its credit cards, but in recent years, this financial institution has begun to be recognized for its banking products including its savings account and CDs. Discover CDs are available with terms of up to 10 years and carry no maintenance fees. Discover CD rates are considered to […]
American Express CD Rates Of May 2023
Table Of Content In recent years, American Express has expanded its services to include banking products including CDs. American Express CDs allow you to choose a term of up to five years, locking in your rate for guaranteed returns. There are no monthly fees and no minimums, so you can enjoy an FDIC insured product […]
What is a Jumbo CD?
Table Of Content What Is A Jumbo CD And How Does It Work? A certificate of deposit is a savings account that pays fixed or variable interest in exchange for depositors leaving funds in an account until a specified date. A Jumbo CD is similar to a regular CD but does require a higher minimum […]
Chase CD Rates For May 2023
Table Of Content Chase is one of the largest banks in the US, offering a varied product line including CDs. Currently, Chase has 17 CD terms, which range from just one month to ten years. There are also standard and relationship rates for CD accounts. The relationship rates apply to customers who link their Chase […]
Citibank CD Rates For May 2023
Table Of Content Citibank is one of the largest U.S banks and it offers several types of CDs including fixed rate and no penalty CDs. Unusually for a bricks and mortar bank, Citibank offers competitive rates on CDs with terms of three months to five years. All Citibank CDs can be opened with a low […]
Wells Fargo CD Rates
Table Of Content Wells Fargo is a full service bank with a variety of CD products. Unlike some banks that offer a variety of CDs, Wells Fargo is limited to only fixed rate CDs. There are fairly high minimum balance requirements, but the interest compounds daily with monthly credits to the account, but you can […]
Capital One 360 CD Rates
Table Of Content Capital One is a well-known credit card issuer that also offers banking services online and through its Capital One Cafés. Among the bank’s offerings are certificates of deposit, which are a good way to set spare cash aside for a set period while letting it earn interest. Learn More Capital One CDs […]
U.S. Bank CD Rates (May 2023)
Table Of Content U.S. Bank offers a variety of standard CD terms that vary from one month to 60 months, with a reasonable minimum deposit requirement. However, the returns are low, particularly compared with online banks. If you’re looking to maximize your returns, you may want to consider elsewhere, unless you can qualify for a […]
Marcus By Goldman Sachs CD Rates (May 2023)
Table Of Content Marcus by Goldman Sachs has a varied product line including CDs with numerous terms. You can open a CD in a matter of minutes and the Marcus customer contact team is available seven days a week if you run into any problems. Among the numerous online banks, Marcus offers some of the […]
How To Cash In U.S Savings Bonds
Table Of Content What Is A Savings Bond? U.S. savings bonds are a type of bond issued and backed by the U.S. government. These are medium to long-term investments considered safe as their value cannot decrease, and the only way you can lose your initial investment is if the government fails. When you purchase savings […]
US Treasury Bonds Vs. CDs: How They Compare And Which Is Right For You
Table Of Content (Photo by pathdoc/Shutterstock) With the trying economic times we’re experiencing, many people are looking for ways to invest their money with minimal risk and decent returns. While CDs are a popular choice, it is also worth considering U.S treasury bonds. So, here we’ll delve into the U.S treasury bonds vs CD debate […]
What is The Federal Funds Rate And What Happens When The FFR Increases?
Table Of Content (Photo by Sundry Worawee Deemerwha studio/Shutterstock) What is The Federal Funds Rate (FFR)? The Federal Funds Rate indicates the rates banks charge each other to buy and sell. The Federal Funds Rate (FFR) is not an interest rate consumers will ever pay on a loan, however it is possibly the most important […]
Bank CDs or Gold Investment: Which Is Better Against Inflation?
Table Of Content CDs Vs. Gold: The Main Differences Here are a few major differences between CDs and gold: Certificates of Deposit, or CDs, are financial products offered by banks and other financial companies. Gold is a physical commodity although exposure to changes in gold prices can be gained in other ways: investing in a […]
What Is a Certificate of Deposit (CD)?
Table Of Content What is a CD? The certificate of deposit, also known as CD, represents a savings product that pay a fixed interest rate to the customer for depositing funds for a specific period. Both CDs and savings accounts are indeed deposited products. However, there are some key differences between them. In the case […]
The Beginner’s Guide To Building CD Ladders
Table of Content If you want to access higher rates for your savings fund, especially in high inflation times as of now, you may have considered CDs. However, many people are confused by the term CD ladders and what this means. In simple terms, CD laddering is a savings strategy, which involves spreading funds equally […]
Pros and Cons of Investing in a Certificates of Deposit (CDs)
Table Of Content Key Takeaways Investing in CDs has some advantages: they usually pay higher interest rates compared to savings and money market accounts, they are safe and the minimum deposit is low. Investing in CDs also has some disadvantages: Unless it’s a no-penalty CD, clients have to pay an early withdrawal penalty if they […]
How To Find The Best Gold Dealer
Table Of Content With all the turmoil and unexpected events affecting the economy, turning to gold as an investment option is a prudent step. Gold is a financial refuge as an asset because it performs well even during times of economic uncertainty. When the stock market is declining, gold’s price goes up. In short, gold […]
The Best Investing Tips For Beginners
There is a natural tendency for people to put off investing or totally stay away from it just because of fear. There are a lot of things a prospective investor might worry about. You might not be able to buy the right instrument and end up with the wrong investment. You might miss the right […]
8 Gold Coins Scams To Avoid When Buying Bullions
Table Of Content You might have heard a lot of experts say that during tight economic situations such as what we have now, turning to gold is a good investment gambit. Gold is an overly reliable asset that withstands any kind of financial uncertainty. Even when the stock market is plunging like an elevator whose […]
CD or Money Market Account: Which Of Them Is Better For You?
Table Of Content CD or Money Market Account? CDs are considered a form of savings accounts, but they offer much higher interest rates. They are both a safe place to keep money though for future and they give you a way to earn some interest on your money. CDs do not allow you to touch […]