Question
How much will a cd earn?
Interesting Question? 
(3) 
(5)
(3) (5)
Answers (1)
12th Nov 2009 by Gary
A CD is used for those interested in a safe place to hold their money over a specified period of time. Earnings on a CD are determined by market conditions and interest rates, so interest will fluctuate widely from a variety of banks or financial institutions. Other variables include bonuses for new customers over a specific period of time where rates can be very high in relationship to other CDs offered by other companies. Even in today's low interest rate market, CDs vary by over 1 percentage point depending on who you do business with. It's simply a matter of research to find the best interest rates a CD wil earn.
A CD is used for those interested in a safe place to hold their money over a specified period of time. Earnings on a CD are determined by market conditions and interest rates, so interest will fluctuate widely from a variety of banks or financial institutions. Other variables include bonuses for new customers over a specific period of time where rates can be very high in relationship to other CDs offered by other companies. Even in today's low interest rate market, CDs vary by over 1 percentage point depending on who you do business with. It's simply a matter of research to find the best interest rates a CD wil earn.
Like This Answer? (0) (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com
(0) (0)
11th Nov 2009 In Investing
1 Answers | 38 Views
Subjects: cd,