Tell me about CDs - Mothering Forums

Forum Jump: 
 
Thread Tools
Old 02-18-2005, 01:37 AM - Thread Starter
 
stretchmark's Avatar
 
Join Date: Apr 2003
Location: in my deepest intuition
Posts: 1,948
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
My grandma always puts her money into these. I know little about them, enlighten me.
stretchmark is offline  
Sponsored Links
Advertisement
 
Old 02-18-2005, 02:16 AM
 
westernskies's Avatar
 
Join Date: Oct 2004
Posts: 495
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
removed
westernskies is offline  
Old 02-18-2005, 12:08 PM
 
Rebecca's Avatar
 
Join Date: Dec 2002
Location: NH
Posts: 2,635
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
A CD or Certificate of Deposit will earn a bit more money than a savings account. You get interest rates from 2.5 to 4% or so depending on the bank but you must invest a certain amount of money (between $500 for the smallest interest rate and 100k for the higher rate) for a defined period of time. You get a penalty for early withdrawal.

Your bank's website should have more specific information.
Rebecca is offline  
 
User Tag List

Thread Tools


Forum Jump: 

Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off