Why CDs For Investment?
Economic cycles tend to vary, sometimes too frequently for your comfort and it becomes difficult to seek a secure mode of investment. Even the share markets tend to undergo the usually up-and-down cyclical phases. What’s more, saving deposits don’t have very appealing interest rates either. In such a scenario, a Certificate of Deposit comes across as the most secure way of investing your money and earning assured interest rates, which in the long-term are almost at par with other lucrative market-related investment schemes. Compared to a typical savings deposit, a CD proves more profitable, though they can’t be operated with as much flexibility. Another feature that sets apart CDs is the pre-determined denomination in which they are issued. For example, CDs could be issued by a bank in pre-defined denominations of $500, $1,000 and $5000. Purchasing CDs: You can purchase a CD for any period of time. The usual options extend from a few months to as long as five years. It is advised to pu
