After suffering through a major recession, many people developed a near obsession with making sure they have savings set aside for another emergency. Some are even getting their kids in on the action by opening savings accounts for them. There is absolutely nothing wrong with this, as many experts suggest starting kids on the path...
Few things are more intimidating than undertaking an unfamiliar venture — especially when that venture involves parting ways with your hard-earned cash. It’s key that that you conduct thorough research before you make an investment using a new tool or resource, such as a certificate of deposit account.
Although CD accounts are largely considered risk free, utilizing them properly is critical to maximizing your money’s growth potential.
CDs are very similar to traditional savings accounts. They allow you to deposit money into an FDIC-insured account, earn interest and eventually withdraw your funds. But if you want to get the most out of your CD, it’s a good idea to understand features that could help you grow your money. One of the best ways to get informed is to read one of the many CD-rate how-to articles at GOBankingRates.