» CD

The first step to smart investing with a CD (certificate of deposit) account is understanding what it is and why it is a smart choice. A CD is a type of savings account that typically requires at least $500 to open. When you deposit this money into your CD you agree to not touch it for a specific amount of time, this is known as the term of the CD. However, in exchange for not touching this money you receive a higher interest rate. This means no matter what the economy does you will receive a return on your CD investment.

However, as with any investment you make you need to know tips and tricks… » Read more

CDs are issued by banks as a way of investing money for a certain period of time. Once that period is up, you redeem the CD and get back your money plus interest. You can buy these  from certified brokerage firms or banks. Before you do, there are a number of things you need to look at. Here are 4 important tips that should guide your investment decision:

Insurance

Always make sure that you are buying from a bank that is FDIC insured. If you buy from one that is not, you stand a high risk of losing your money should the bank ran into financial difficulties. You can call FDIC or visit their site to verify… » Read more

Is a money market a good investment? They are safe, and they yield low interest rates when you compare them to other savings options and retirement accounts. The more you invest in a money market account, the higher interest you will be able to earn. Some companies have a higher interest rate for people that will deposit at least $50,000 or more when opening the account.

Right now money markets low interest is due to problems with the economy.  The rates have been much higher in the past and the downturn in the economy has made them a weak investment for younger investors. For those who are risk averse or who are close to retirement… » Read more