Category: Certificates of Deposit

Understand a Certificate of Deposit Bank Notice

Understand a Certificate of Deposit Bank Notice

When it comes to managing your personal finances, you’ve got to understand the fine print and paperwork.  I recently had to renew a certificate of deposit and thought this would be a good point of conversation for a Post.  To be more specific, to discuss some of the data you will see on a certificate […]

March 26, 2014 | By More
The Certificate of Deposit Every Customer Wish They Had

The Certificate of Deposit Every Customer Wish They Had

When I started my first banking job, I had a portfolio of customers I provided banking services which included everything from handling money transfers between accounts to wires.  It was during this time I was introduced to a savings vehicle called a jumbo certificate of deposit (CD).  Some of my customers were successful business people […]

September 20, 2013 | By More
How Are Banks Different from Other Businesses?

How Are Banks Different from Other Businesses?

When I first started working in the business world, my boss at the time gave me some sound advice.  And, if you’re a student reading this Post today, I particularly wish to pass on this tid bit to you.  She said when you graduate from college, make certain and pick an industry you’re going to […]

September 11, 2013 | By More
Do CDs Matter in a Low-Interest Rate Environment?

Do CDs Matter in a Low-Interest Rate Environment?

Today’s Post will close our conversation this week on certificates of deposit.  (We will revisit other issues on CDs in later Posts).  Based on discussions with colleagues in the financial industry and consumers alike, low interest rates have played havoc with individual savings programs.  It’s hard to get excited about savings products when the benefit […]

November 30, 2012 | By More
Traditional IRA or Roth IRA:  What’s the Difference?

Traditional IRA or Roth IRA: What’s the Difference?

Sometimes it’s nice to take a break.  I did that last weekend.  As a rule, I don’t watch much television, but just felt like relaxing with a couple of good movies on Saturday afternoon while I put up the Christmas tree.  I pulled some holidays movies off the shelf and made some Hershey’s cocoa for […]

November 29, 2012 | By More
What is a Traditional IRA-CD?

What is a Traditional IRA-CD?

When I was putting my thoughts together for this Post, the idea of “hang on and enjoy the ride” came to mind.  On our last visit to Disneyworld, we went on one of my favorite rides at Epcot called Soarin.  If you’re not familiar with this ride, let’s just say it’s really awesome.  It simulates […]

November 28, 2012 | By More
Laddering Certificates of Deposit for Flexibility

Laddering Certificates of Deposit for Flexibility

Thank goodness for ladders.  If it were not for ladders, the folks in my neighborhood wouldn’t have been able to hang their Christmas lights this last weekend.  Lights of every color, shape, and size were being strung on porches, doorways, and even tall trees.  One of the pleasures of the holiday is driving through the […]

November 27, 2012 | By More
What is a Certificate of Deposit (CD)?

What is a Certificate of Deposit (CD)?

Since MoneyBasicsU is about learning the basics about money, I thought it would be a good idea to review traditional certificates of deposit (CD) this week.  I mentioned this topic to a colleague (she is in her early sixties) and she immediately commented about the state of interest rates these days.  Needless to say, rates […]

November 26, 2012 | By More