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With the turmoil in the stock market, many consumers are returning to investing in certificates of deposit (CD) for peace of mind. Like in any investment, the investor is looking for the best return on their money. CD are a safe and sound investment, however, there are several aspects to be considered. Below are tips to help with the process. |
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Take the time to read and understand all the terms and conditions of the investment being offered. Rates offered that are higher than the norm often have more restrictions. |
Make sure the financial institution you purchase your CD from is registered to legally handle financial transactions and is an FDIC insured institution. www.fdic.gov |
Consider how you title your bank accounts (including CDs) to maximize your FDIC insurance coverage. www.fdic.gov |
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Disclaimer of Liability - FNBT.COM provides the information in this email for general guidance only, and is not intended as legal, tax, accounting, investment, or professional advice of any kind. The information provided should not be used as a substitution for consultation with a professional in these specialized areas. Before making any decision or taking any action, you should consider consulting a professional about your particular situation. The information is provided "as is", without assurance or guarantee of completeness, accuracy, timeliness of information and without warranty of any kind, expressed or implied. |
