People should earn not just to spend but also to save. Securing some amount of money is one way of being prepared for the future. Life is just so unpredictable it always pays to be ready with whatever circumstances it may bring. People may decide to start allotting money for savings due to several reasons: it could serve as savings for college education or for retirement; or it could also be for …

Saving is one important financial aspect that people should start being involved with. The world economy is an unstable ground bringing people uncertainties about what might happen next; thus it is crucial that people begin to save more than spend more. Nowadays the banking systems offer several ways on how people can save some money for their future expenses and by doing so, people may earn passive income. Passive income is the …

Certificates of deposits are primarily chosen an investment plans depending upon the interest rates they pay. The best certificate of deposit lets the investor make the best profit in least time period. But the fluctuation in the market has lead to the development of many investment plans which protect both investors and the banks. One such investment plan is a callable certificate of deposit. Callable CDs are restricted by the fact that …

CD rates also known as certificates of Deposits are provided to consumers by banks and are identical to a savings account. Generally they involve no risk, though what makes them different from a savings account is the fact that they usually include a fixed term with an interest rate that is also fixed. When a certificate of deposit has a very large denomination it is termed as a Jumbo CD. Believed to …

The biggest dilemma’s that investors face is what needs to be done with the available cash while deciding on the investments.  The best options are either investing in a certificate of deposit or in the money market.  One must weigh the pros and cons of both the investment options before making the move. Certificates of deposits or CD’s: These are a popular mode of investment where funds are invested in banks as …

In a business, it is important that you know what customers need and what makes them patronize a product. If you are able to do this properly then you’ll make it big in the market. When prices increase, the public tends to be more careful with their expenses and start saving but when prices decline, there they’re back shopping again. This could be seen as a good analogy on certificate of deposits …

Variable CD rates could either go up or down depending on the direction of the market.  Unlike other CDs, the interest rate is not fixed. Hence, when market rates go up, the profit you can get with a variable CD can also increase. Needless to say, the profitability of a variable CD depends on market movement. If the economy is quite unstable, then investing in a variable CD can be risky because …

A CD or a certificate of deposit is a savings certificate which is also a time deposit where he holder is entitled to earn interest and it can be cashed in only on or after the date of maturity along with the accrued interest.  It has a fixed interest rate and is issued by banks, credit unions, and financial institutions.  They are insured by the FDIC.  The term may vary from a …

Traditional CDs are a very popular choice compared to the savings account as they provide a better rate of interest and since they are FDIC insured but the biggest disadvantage is that it cannot be liquidated before the date of maturity without paying the hefty penalty. About liquid CDs: Liquid CDs work just like other CDs but offers access to your money.  A liquid CD is also a certificate of deposit that …

A collection of Certificate of Deposits (CD’s) bought at frequent intervals to ensure that they mature at frequent or regular intervals is called a CD ladder.  For instance if one wishes to create a very basic CD ladder out of a six-month CD, then all one does is purchase one CD on the first of every month and continue to do so for the next six months.  Then the first CD that …