4 Ways to Get Better Returns Than CDs
There are other options to minimize your risk and maximize your earnings.
Originally published by David McMillin on Bankrate.com.
If you’re looking for a safe place to store your money while earning a return, you might be thinking about opening a certificate of deposit.
A CD is similar to a traditional savings account, but your bank will pay you a higher interest rate in exchange for locking your funds away for a set amount of time.
The catch for that extra earning potential? Most CDs will charge you a penalty if you need your money before the end of your term.