CD or High Yield Savings? - high yield interest cd
I'm saving money to buy a house after completing graduate studies. Currently I am 22 and plan to invest between 8-10 years of filing in 1000 a month in that period. Would it be better to consider the amount in a savings deposit interest rates lower, a CD, or both. I am also well versed in the records high savings on interest payments, but I'm still a little further with the aim of the CD to being mistaken for a good choice for long-term investment. My plan would be considered long term? For more information about a workable solution would be very grateful. Thank you and Merry Christmas!
Sunday, January 3, 2010
High Yield Interest Cd CD Or High Yield Savings?
2 comments:
CDs often have higher interest rates, but if you do that you will be able to be money every month, the rate will save probably very low. I consider myself a high savings on interest payments, or perhaps a money market savings account. Because you really need the money within 10 years, the stock market is probably not the best idea because they do not take the risk.
First floor with a bank that the FDIC insurance on your savings. The risk is high and the low premium for investment elsewhere in other CD's. Second is to keep your license licenses, the short term. Interest rates can not be much lower than they are now voting with the federal government is close to 0%. The question is now paying more. When interest rates rise, a short-term CD will soon expire, and you can reinvest at higher rates. The savings account can invest in higher yield CD at any time. Prognosis when prices rise or fall over a short period are very unreliable. So, how quickly jump from one to another is only guess work, too.
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