Looking for safe investments that grow faster than traditional savings accounts? Take a look at certificates of deposit, or CDs, and find out when these accounts make sense and how to make the most of them.
What’s a CD?
CDs are deposits that offer guaranteed interest in return for keeping an amount of money in the certificate for a fixed time period. A CD is among the safest investments available at a bank insured by the Federal Deposit Insurance Corp., because that agency backs them just ... [More]
The winter of 2013/14 was brutal. Construction starts were delayed. Merchandise sat idly at ports. Consumers stayed indoors and local government budgets were hammered by snow removal costs. For roughly three months, forward economic momentum was stymied. According to the Bureau of Economic Analysis, the U.S. economy contracted at a 2.9 percent pace during the year’s initial quarter.
For a time, economists debated whether or not first quarter weakness was attributable to the weather or... [More]
Every April for the past 10 years, we have celebrated National Financial Literacy Month – and for good reason. A person’s financial literacy level can always be improved. In a study conducted by the FINRA Investor Education Foundation, participants were asked five questions about personal finance, and 61% of them couldn’t answer more than three questions correctly.
1. Why is financial literacy important?
As the financial landscape changes, it is becoming increasingly important ... [More]