CD Rates

Certificate of Deposit is a short or medium-term, interest-bearing, FDIC-insured debt instrument offered by banks and savings and loans. CDs offer higher rates of return than most comparable investments, in exchange for tying up invested money for the duration of the certificate's maturity. Money removed before maturity is subject to a penalty. CDs are low risk, low return investments.

Although a CD will essentially lock up your money for a given period of time, it can be an attractive savings or investment device because CDs normally offer higher interest rates than standard savings accounts. Although cd are very popular, people dont realize that an annuity has the same great protection with a higher growth.

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