September 7, 2007, Newsletter Issue #205: Better CD interest rates

Tip of the Week

Consider the fact that banks pay more interest on your CDs (Certificate of Deposits) for longer time-limits. If you will not need your money readily available, you might want to extend a 6-month CD to 1-year (or 1-year to 2-year), earning a better rate of interest. Always be alert to the renewal date of a CD and interest being earned.

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