Certificates of deposit (CDs) are time deposits with banks. The account holder agrees to keep his/her funds in this account for a certain period of time (term). It is a smart decision for those people who want to invest their savings for a while and get returns. It won't take you long to find best CD rates on offer. You can easily do this through the Internet search online. You can check through the best high rate CDs, make a comparison, and read valuable investing tips that help you make the most of your investments.
Looking for a low-risk way to invest your money and receive a guaranteed return? Consider purchasing a CD, or a certificate of deposit. They are offered to consumers by banks and credit unions. CDs work similar to a deposit account: you can save money while you earn interest on it. The difference is that a certificate of deposit typically has a fixed rate and predetermined fixed term - from three months to five years. Unlike many other investments, CDs are insured up to $250,000, so it is a risk-free investment.
Jumbo CD is a type of savings certificate with a large deposit amount. It is a perfect savings alternative for investors with large cash holdings. An investor may deposit a minimum of $100,000 for a fixed period of time, typically 1 to 5 years, and in return is guaranteed an interest rate much higher than that offered by a traditional savings account. The advantage of a jumbo CD is its relatively low risk, negotiable feature and guaranteed return of the minimum funds invested.
Say, you have a certain amount of cash on hand and you are figuring out how to make it work for you. You can invest it in real estate, stock, shares, pay-through bonds, etc. But investing in shares and other security papers is actually unsafe, for this kind of assets can go down in value any time. Real estate is much more stable and beneficial investment. But do you have enough funds to buy a house, apartment, or at least a trailer? If not, there is an alternative option for you to make your money bring you profits.