2007-12-30 14:53:05 · 7 answers · asked by Eric 1 in Business & Finance ➔ Investing
Go to banks and talk to them about their CDs. They depend on how much you are going to put in them and what kind of interest they pay. If you go in and talk to them you can ask the people exactly how much money you will earn for the period its in there for and they will tell you. Im not sure if bank websites have it on them but the people in a bank are very helpful.
CDs are great investments though! You should also consider savings bonds. Buy a 50 dollar savings bond and in 7 years or however long it is its worth 100 dollars! Doubling your money that often is really good.
2007-12-30 14:57:03 · answer #1 · answered by David 2 · 0⤊ 0⤋
Figure out how much you have to invest, and how long you can afford to tie it up. Then go shopping for interest rates. They will pay you for the use of your money, look for the highest interest rate.
2007-12-30 22:58:36 · answer #2 · answered by Computer Guy 7 · 0⤊ 0⤋
Call banks in your area to ask what the rates are, then decide to invest in the ones with a higher rate.
Be sure they are FDIC insured as most all are.
2007-12-30 23:08:47 · answer #3 · answered by ang253 6 · 0⤊ 0⤋
The one with the highest interest rate would be the logical choice.
2007-12-30 22:55:47 · answer #4 · answered by Roman Soldier 5 · 0⤊ 0⤋
Google it. You'll get a ton of research for free.
2007-12-30 22:56:12 · answer #5 · answered by Billybobmoney 2 · 0⤊ 0⤋
interest rates and the reputation of the institutions
2007-12-30 22:56:34 · answer #6 · answered by deirdrezz 6 · 0⤊ 0⤋
buy all of them
2007-12-30 22:55:13 · answer #7 · answered by lexie 3 · 0⤊ 0⤋