2006-07-27 07:43:29 · 5 answers · asked by Robert H 1 in Business & Finance ➔ Investing
If you want to buy a CD, then just do it through a bank. Find one with the best rates here:
http://www.bankrate.com/brm/rate/deposits_home.asp
You wouldn't want to invest in a mutual fund that bought only CDs. You'd get an interest rate that was inevitably lower than what the fund actually earned because they would have to charge management fees.
2006-07-27 12:32:18 · answer #1 · answered by ce 2 · 0⤊ 0⤋
No, man. Mutual funds are like investing corporations that actually does it's own investments through the stock exchanges, and their investments are diversified over many ranges.
CD's only are more for individual investment. I'ts almost like putting your money away in a bank and let it sit there for a period of time via a contract you signed whether it be 2, 5, or 10 years with the interest rate at setted points. But you get higher in return more than what you would get from just deposit your money in a checking or saving account.
2006-07-27 07:56:58 · answer #2 · answered by FILO 6 · 0⤊ 0⤋
Money market mutual funds invest money in CDs, T-bills and similar instruments.
2006-07-27 07:47:02 · answer #3 · answered by Oh Boy! 5 · 0⤊ 0⤋
Almost every major fund with several fund groups will have a money market fund also
2006-07-27 16:48:57 · answer #4 · answered by dredude52 6 · 0⤊ 0⤋
No. There would be no point. CD's have a set rate that is guaranteed be the FDIC.
2006-07-27 07:47:41 · answer #5 · answered by scott 3 · 0⤊ 0⤋