Recent Articles By Joe Taylor
High CD interest rates tend to come around in cycles, based on overall market conditions or on a specific bank’s desire to increase its deposit base. However, the high penalties imposed by many banks for early withdrawals make it unprofitable to switch to higher yield investments. Therefore, a number of financial institutions offer new certificates of deposits called “bump-up CDs.”
When comparing deposit accounts, understanding what types of products are available and shopping for the best rates is critical. Understand how these accounts differ to determine which helps you reach your financial goals.
Five ways that health savings accounts can help you shrink your spending and cut your stress.