As some of you may be nearing retirement, you’re probably thinking about the best way to maximize your retirement funds in the home stretch. IRAs (individual retirement accounts) are a great strategy for your retirement savings and with the current state of interest rates (5% and above) placing your IRA funds in a CD (Certificate …
Don’t Wait Until April to Make Your IRA Contribution Read More »
Certificates of deposit (CDs) and bonds are known to be low risk as they typically are designed to return your principal, generally pay higher interest rates than traditional savings accounts, and offer fair returns. You’re able to tuck away excess cash, watch it grow at a set term and interest rate, and be confident that …
Bonds vs. Certificates of Deposit (CDs): What’s the Difference Read More »
There are several options to safely store money, but deciding on which option to choose is a little easier when you know you can grow your nest egg while it’s tucked away. Certificates of deposit (CDs) and money market accounts (MMAs) can do just that. They are alternatives to traditional savings accounts and are not …
Money Market Accounts (MMAs) vs. Certificates of Deposit (CDs): What’s The Difference? Read More »
Have you been thinking about opening a certificate of deposit but need that extra nudge to finally take the plunge? Grab your headphones or take a dance break and blast your speakers as you make your way through our playlist of Top 10 Songs to Motivate your CD Search. Wake Me Up by Wham For …
Top 10 Songs to Motivate Your Certificate of Deposit (CD) Search Read More »
The Federal Reserve has been hiking federal funds rates since 2022 – a total of 11 rate hikes, a solution the central bank hopes can slow down the economy enough to moderate price growth. In 2023, more financial institutions were offering CDs and competition continued to grow which has been good for savers. In 2023, …
2023: Year of the CD (Certificates of Deposit) Comeback Read More »
