Finding Good Money Market Funds Or the Best CD Rates

October 25, 2009 · Posted in CD & Investments · Comments Off 

When it comes to money market accounts and certificates of deposit (CD) type investments, there is not a whole lot of glamour. This may be for good reason, as they are certainly not the sexiest investments available today. However, they do play a very valuable role. Money market accounts and CD’s are for the most conservative of investors. When it comes to CD’s and money market accounts, preservation of capital is paramount. We will take a closer look at the roles these unsexy investments have.

Actually, money market accounts and CD accounts often play rather different roles. Most commonly, money market accounts, or money market funds fill the need for temporary investment. This allows active investors, the ability to utilize the money market accounts as short-term investment tools. Read more

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Credit Union CD Rates

October 7, 2009 · Posted in CD & Investments · Comments Off 

For people who want to invest in a certificate of deposit (CD), there are two ways by which they can do so, which is to go to a bank or a credit union. Between the two, sources of certificates of deposit, the bank has been traditionally the preferred option, as they are perceived to be more stable financial institutions. However, in recent years, people who are looking to invest in CD?s are giving credit unions a second look due to a number of reasons, which have made investing in CD?s through credit unions seem a better option. Given this, it can be expected that more and more people may opt to invest in CD?s through a credit union in the near future.

Some reasons why credit unions are better

One of the biggest reasons why some people prefer investing in CD’s through a credit union is that usually, credit unions offer higher interest rates on the CD’s they offer as compared to the CD’s provided by banks. In most cases, the interest rates that credit unions offer is at least half a percent higher than the interest rates that banks provide. The reason why credit unions can provide higher interest rates is that because credit unions are cooperative institutions, which means that earnings are returned to members in the form of higher savings rates. In addition to this, given that credit Read more

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