Sentences with phrase «into bank certificates of deposit»

My inclination is to say that cash reserves for individuals should go back into bank certificates of deposit, up to the maximum amounts of the FDIC insurance.

Instead of loaning it to him directly, together we went to a local bank, where I deposited $ 5,000 into a bank certificate of deposit (CD), and then the bank loaned my brother the $ 5,000, with a lien on the CD.

Not exact matches

So Mr. Roth has these clients buying certificates of deposit from many different banks, slicing the sums into small enough pieces for Uncle Sam to insure their money while often raising their yield above 2 %.

My personal opinion is that you should keep contributing to your retirement plans as you always have if and when volatility hits, but you may want to reroute all your new contributions to taxable accounts into safer havens — perhaps into online banks, certificates of deposit, bonds, and tax exempt mutual funds.

While high interest savings accounts are usually the savings product of choice by many consumers, you may actually get better yields by looking into certificates of deposit (bank CDs) for a touch of diversity.

Specifically, cash is highly liquid (meaning you can convert it into money in hand without much delay or hassle) and broadly includes relatively short term bank certificates of deposit, bank accounts, and money market accounts that can currently return up to 1 to 2 % annually (as of November 2017).

We're heading into fall and oftentimes banks will offer seasonal promotional rates for new customers (or even existing customers) who open a CD (less commonly known as a certificate of deposit).