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CD investments, certificates of deposit, are characterized as one of the safest investments. The CD, offered by banks and credit unions, can provide a return on the principal and an investor can shop around for favorable agreements and time frames. It is wise to put money aside, outside of a CD, in case of unforeseen circumstances.

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10y ago
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9y ago

CD investments is a mechanism that allows one to grow your money safely.

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Q: What are the benefits of CD investment?
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A CD Investment Calculator Helps Plan Your Portfolio?

CDs can be an excellent investment. They offer a specific rate of return in exchange for tying up your money for a particular period of time. Unlike the stock market, there is a guaranteed return, and unlike bonds, you are able to "cash out" and reinvest your money, penalty free, much quicker. Using a CD investment calculator, you can determine whether the rate of investment for your CD will be acceptable for the length of time you're unable to access the money.