Rates To Die For Or Kill Over, You Choose!

There is an article that I wrote for a major Ezines that will be published shortly (when it is I will let you know) on using CD’s to your advantage.  I thought talking about CD as alternative investments to savings accounts would make a good topic for us today.

CD’s or Certificate of Deposits are fairly well known to most people.  There are advertisements for them on TV, in the local bank, even at the bus stop.  There are even websites that specialize in finding the best rates available.  Some local newspapers will do the same type of thing.

Here is a snapshot of a local NY website that has the rates listed.

The local NY website only offered 1 year CD rates, but as you can see they are not bad (all things considered).

Here is a snapshot to a local NY credit union website and their listed CD rates.

The local credit union has 3 and 6 month rates listed.  These are nice if you have money you will be needing shortly, you can place it there and earn a decent interest rate.  Much better than the bank pays for savings avvounts.

Strategy Based Profits TIP: - Do some research and check back in a few days for the link to the full article on what to look for in a CD.

Robert J. Roy
Money Man