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polster2 May 30th, 2018 2:23am

Have you ever invested in a certificate of deposit (CD)? If you have, please share your experience in the comments section.

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mfjd1948 rural johnson co iowa
05/30/18 9:37 am

Yes, many years ago when the interest rates were 6 and 7 percent.

chickencookie
05/30/18 10:26 am

Used to be 18% in the 80’s.

sea California
05/30/18 7:56 am

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%.

mstt
05/30/18 8:22 am

Buy stocks for the appreciation, not just the dividend.

mstt
05/30/18 7:24 am

They pay too little, invest in safe common stocks

Reply
polster2 US
05/30/18 10:42 am

Never invest in individual stocks. Always diversify.

Jazzy5 USA
05/30/18 5:16 am

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.

Reply
AdamStephens West Virginia
05/30/18 4:26 am

I did, garbage returns but it was better than leaving it in the account.

polster2 US
05/30/18 4:36 am

I'd take 1.3% interest over .3% interest any day of the week!

AdamStephens West Virginia
05/30/18 4:38 am

My bank was doing a special, sounds weird, but interest was 2.0

HtheC South Florida
05/29/18 8:09 pm

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.

Reply
Nik
05/29/18 8:12 pm

Same☝️
Low return, relatively safe. Not bad if you have money you won’t need for a while.