CD account?

Please tell me adout it ...And how much can your investment be after mounths??

CD is certificate of deposit, sold to you at a bank
Depending on how long you sign your money up for, you get different interest rates based on length of time

Don't expect to get rich fast...rates are low these days.

Very low right now.

I have 2 maturing at the end of this month. I took them both out 6 months ago. One was $5000 and one was $2500.

The $5000 is now worth $5100 and the $2500 is worth $2550.

It's $150 in 6 months for doing nothing.

The idea is to reinvest that $150 for another 6 months, so I'd have $7650 invested and that will be worth more in 6 more months since the initial principle is higher.


It's low now, but if you are just getting it to it, give it a shot...

ING has $2.75 now for 6 months which is low, but try it out. Or their savings account is a little higher, maybe 3%, but it can fluctuate.

Municipal (State) bonds would give you a better return but a little more difficult to do.

Certificate of deposit
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This article or section needs to be wikified to meet Wikipedia's quality standards.
Please help improve this article with relevant internal links. (October 2007)
This article is specific to the United States. For a more general article, see Time deposit.

A certificate of deposit or CD is a time deposit, a financial product commonly offered to consumers by banks, thrift institutions, and credit unions.

Such CDs are similar to savings accounts in that they are insured and thus virtually risk-free; they are "money in the bank" (CDs are insured by the FDIC for banks or by the NCUA for credit unions). They are different from savings accounts in that the CD has a specific, fixed term (often three months, six months, or one to five years), and, usually, a fixed interest rate. It is intended that the CD be held until maturity, at which time the money may be withdrawn together with the accrued interest.
1.
Certificate of deposit - Wikipedia, the free encyclopedia
... are different from savings accounts in that the CD has a specific, fixed term ... A US Individual Retirement Account CD may allow withdrawal of IRA Required ...
en.wikipedia.org/wiki/Certificate_of_d... - 35k - Cached
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2.
CD, Certificate of Deposit Account, CD Account Calculator :: Discover Bank
Open a Discover Bank CD Account and get a great interest rate, plus flexibility on maturity so you can access your money on your terms. ... Open An Account. CD FAQs ...
www.discoverbank.com/index.asp?pID=cd - 23k - Cached

not much interest return here!