Certificate Of Deposit

A certificate of deposit, also commonly known as a CD, is simply when a customers agrees to lend a bank money for a certain length of time. In return for the loan a bank will then pay the customer a certain rate of interest when the CD matures. Certificates of deposits are FDIC insured.

Certificates of deposit usually come with a lot of restrictions or penalties; especially if you were to withdraw the money before the CD matures.

This is why I think opening a high yield online savings account is a better choice because they have no such restrictions or penalties on withdrawals.

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Return from Certificate of Deposit to High Interest Investing

Emergency Funds:

Before you ever invest in stocks or other risky investments you should have an emergency fund in place. A great place to keep an emergency fund is ING DIRECT.

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Budget Money:

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