Is today a good time to invest in a CD?

Investing in CDs.

This article fist appeared here.

Personal financial advisors believe it is.

A recent news item on investopedia suggests that depositing money into a CD may help to reach the goal of earning an extra $2,000 over the next 12 months.

The report further suggests that In the next 12 months, there’s a real possibility that the Fed will lower rates.

If that happens, CD and savings rates will follow suit and also drop. Locking in a high-paying CD now can help you enjoy 5.00% interest rates for longer, even if other rates drop.

What is a Certificate of Deposit?

This article first appeared here.

A certificate of deposit (CD) is a savings account that pays a fixed interest rate on money deposited and held for an agreed period of time.

A withdrawal before agreed period attracts an early withdrawal penalty.

What are the things that make an investment in CDs attractive?

1. An investment in CD has low risk, is safe (if you open a CD with a bank that’s insured) and requires no monitoring.

2. A CD offers a fixed interest rate (Annual Percentage Yield-APY) that is usually higher that interests on other bank's traditional savings accounts.

Comments

9 High yield savings accounts in Nigeria.

High yield savings account in Nigeria Here are nine Nigerian banks known for offering high-yield savings accounts, as of the latest available data. The interest rates can vary, so it’s always a good idea to check with the banks directly for the most up-to-date offers. 1. GTBank (Guaranty Trust Bank) Known for competitive interest rates on savings accounts, including specialized savings products like the GTSave savings account. The GTSave offers a competitive interest rates at 8.175%. 2. Access Bank Offers a variety of savings products with attractive interest rates, especially on their Access Bank High Interest Savings account. Access bank premier savings accounts attracts interest rate of 8.175%p.a paid monthly. 3. Zenith Bank Provides various savings products with good returns, including the Zenith Bank High Yield Savings account. Zenith bank has an account called Save4Me. Save4Me is a savings account with a higher interes...

10 Top No-Credit-Check Business Loans & Funding Options for Startups in 2025

10 Top No-Credit-Loan and Funding Options for Startups in 2025 This post first appeared on Ayi Post . Starting a business without an established credit history doesn't have to be a roadblock. Whether you have bad credit, no revenue history, or are a first-time entrepreneur, many funding options exist that focus on your business potential, revenue projections, or alternative qualifications rather than traditional credit scores. This comprehensive guide covers startup business loans for bad credit, funding options that require no personal guarantee, and alternative financing solutions specifically designed for new businesses with limited credit history. Who Qualifies for No-Credit-Check Business Funding? 1. New startups with no business credit history or revenue 2. Entrepreneurs with bad credit (FICO scores below 600) 3. First-time business owners without collateral or personal guarantees 4. Businesses with strong revenue potential but limited credit history 5. Minority and ...

Balancing the budget is like going to heaven. Everybody wants to do it, but nobody wants to do what you have to do to get there.– Phil Gramm.

Every budget is a test of your capability to balance your expenses and your income. It's a tough test that many of us fail. The reason is simple, most of us are never prepared to live within our means. Most of us when we have a little, we want to prove to those who don't really care about us that we have arrived and when we're sent packing from the heaven the people built for us, we go outside our means to buy mansions in the hottest part of hell in attempt to prove to the world that we are still in heaven. Who really cares about where you're , what you have and how you are at any time of your life? Maybe your loved ones, outside them you're alone. So, if you want to balance your budget and achieve financial freedom, you've to die to what people think of your lifestyle, how they live without fiscal discipline and live within your means.

Finance

Search This Blog