As mentioned above, you aren’t going to get a huge payout for your investment. If you’re not as interested in guarantees as you are in hitting a jackpot (however unlikely that may be), then maybe investing in CDs isn’t right for you. You might prefer investing in stocks and following the highs and lows of the market.
And, sure, while the interest rates on CDs are generally higher than say a savings accounts, those higher rates come with longer terms (the amount of time it takes for your CD to mature). If you’ve got the time to wait for your money to grow, then great. But if you don’t, a CD may not be your best option.
To learn more about investing in CDs, contact us today.