Best CD rates 2022 | Certificate of Deposit explained
The best certificate of deposit accounts or CDs to open in 2022 and the basics of investing in CDs, from what they are, to the differences between Bank CDs and Brokered CDs.
With inflation raging at 8.6% YoY and the NASDAQ and Stock Market now in bear market territory, you probably want a safer place to stick you hard earned savings! I've found the best CDs (certificates of deposits) for you to invest in with the highest returns.
In the video I cover:
1. The basics of Certificate of Deposits and the difference between bank and brokerage CDs
2. Pros and Cons of CDs
3. Examples of situations where I would and would not use CDs
And finally, I walk through actual rates that banks are offering now to help you get started if CDs are right for you. With inflation and the Federal Reserve increasing rates, CDs could be a good option for many investors.
Investopedia link w/ top CD rates: https://www.investopedia.com/best-cd-rates-4770214
Don't forget to LIKE and SUBSCRIBE! Comment down below if you have any questions. Thank you!
The best certificate of deposit accounts or CDs to open in 2022 and the basics of investing in CDs, from what they are, to the differences between Bank CDs and Brokered CDs.
With inflation raging at 8.6% YoY and the NASDAQ and Stock Market now in bear market territory, you probably want a safer place to stick you hard earned savings! I’ve found the best CDs (certificates of deposits) for you to invest in with the highest returns.
In the video I cover:
1. The basics of Certificate of Deposits and the difference between bank and brokerage CDs
2. Pros and Cons of CDs
3. Examples of situations where I would and would not use CDs
And finally, I walk through actual rates that banks are offering now to help you get started if CDs are right for you. With inflation and the Federal Reserve increasing rates, CDs could be a good option for many investors.
Investopedia link w/ top CD rates: https://www.investopedia.com/best-cd-rates-4770214
Don’t forget to LIKE and SUBSCRIBE! Comment down below if you have any questions. Thank you!
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cd not taxed on roth
What is a ladder CD?
Hi, thanks for the information . My question is, can you deposit money as you please after creating the initial cd with minimum deposit. Also if the interest is yearly , will the bank wait until the end of the year to add interest on top of what you have?
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great content
Being a true novice investor and recently retired with limited funds. All I have is a checking account paying 0.02%. As far as "passive" investing – what about this strategy? Buying a $1000 12-month CD paying 3% every month for 12 months (kind of a "ladder strategy"). I calculate that I'd end up with $30 each month in dividends (totaling $360 in interest for the year); But what if someone was able to do $10,000 a month following the same strategy?
CDs today looking at CDs two months ago. :O
my bank offers 3.20% for a 13 month cd
I thought it was % monthly so if I deposited 10,0000 I thought it would be 10000 x 0.025 (2.5%) = $250 per month
Can i add more deposits to the CD anytime i want?
Can you add money to a cd every week?
But Biden says inflation is transitory and that our economy has never been stronger.
Langley Federal Credit Union is currently paying 4% interest on 16 month CD's.