Have you ever invested in a certificate of deposit (CD)? If you have, please share your experience in the comments section.
Yes, many years ago when the interest rates were 6 and 7 percent.
Used to be 18% in the 80’s.
I use an online savings account instead. Pays 1.5% right now and doesn’t lock up your money like a CD.
Alternatively if you don’t need your money for a LONG time, put it in the stock market. The average dividends are about 2.5%.
Buy stocks for the appreciation, not just the dividend.
They pay too little, invest in safe common stocks
Never invest in individual stocks. Always diversify.
CD’s paid 3.50 % and more not that long ago. I used Bankrate to find banks nation wide.
Did really well.
Still have two. Getting around 2.50. 1 yr.
I did, garbage returns but it was better than leaving it in the account.
I'd take 1.3% interest over .3% interest any day of the week!
My bank was doing a special, sounds weird, but interest was 2.0
I have multiple times, I’ve done this when it’s money I didn’t/couldn’t risk loosing in the stock market but wasn’t going to use for 1+ years. Typically there is a 10% penalty if you withdraw it before maturity. This worked perfect for me when I kept 3-6 months income in case of job loss. It was there protected from my spending and was earning interest.
Low return, relatively safe. Not bad if you have money you won’t need for a while.