Is having a CD bank account a good investment?

debating if you i should open one. how much would i need to put in to get a good return?

its a risk vs gain debate... cd's are risk free.. which pays about 4 percent to 5 depending how much you invest...
most are about 500 min to open from 6mo on up

higher paying investments have some risk.. mutual funds . treasure notes and bonds... they pay from 5 on up to 7 or 8 percent but there is a chance it mite lose money... but the odds are small.. you could invest as little as 1000 but the avg is about 5000 to begin with...

stock market pays up to 15 or more.. but the chances of it crashing your investment are higher depending on your sorces for investing in a stock..

CD's don't pay that well. Better to use HSBC or wamu online. Cd's are about as useful as US Savings bonds. Mutual funds are a much better investment.

Usually a minimum of $1000, some are $5000 and up.

These days, you can get similar interest rates from high-yield savings accounts like http://www.ingdirect.com/, without locking yourself from tapping the money for six months or a year (depending on the CD).

Its a good place to put money if you're going to need it relatively soon or for emergency money. Even if you have to take it out between maturities you can deduct the penalty on your taxes, without itemizing. Normally the minimum amount for a CD is a thousand dollars.

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