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When investing in a CD is worth it. One of the biggest reasons to use CDs is for security.You don’t have to worry about losing your principal because the money is usually held in an insured account.
Cons of a CD Account While CDs provide a stable investment option, being aware of their potential drawbacks is essential. Carefully consider the following cons before opening this type of account .
Treasury notes and bonds: Pros and cons If you want to lock in your rate for a lot longer than five years, you can instead opt for Treasury notes or bonds. They're essentially the same product ...
One big silver lining (or should we say gold?) of higher interest rates -- they apply just as much to saving as they do to borrowing money. Social Security: No Matter Your Age, Do Not Claim ...
Investing in a high-yield savings account or a certificate of deposit is a great way to grow your money. Interest rates on CDs are higher now than in the past, which is especially appealing ...
High-yield savings accounts offer flexibility and access, while certificates of deposit can offer higher interest rates. Compare HYSAs and CDs to find the best for your budget.
Click here for a list of some of the best rates on offer right now. Otherwise, a different type of account likely makes more sense for you, like a high-yield savings account or an investment account.
Image source: Getty Images. CD rates are currently above 5.00%. Since this is higher than rates have been for many years, they seem like a good investment -- especially since they are insured by ...