» FDIC insured

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

Finding a good savings account can be a tiring process. With interest rates constantly fluctuating, chasing rates can prove to be a frustrating process.  Many people use the savings account that is provided to them with their local bank upon opening a checking account. These traditional savings accounts provide a very limited return for your investment in fact the interest rate on a traditional savings account is one of the lowest rates out there. How can you focus on saving money with the best savings account and focus on growing your money? Here are our tips for choosing a good savings account.

Find the best bank

In order to know you will get higher interest rates