Does C.D. Now Stand For Crummy Deal?

One of the biggest frustrations I have heard over the past couple of years is what do to with your cash.  Most checking accounts that people have to day do not bear any interest at all.    In addition, the majority of savings and money market accounts will pay somewhere between .25% and .75% unless you have landed a teaser rate at the bank.    If you don’t pay attention closely to it, your cash at the brokerage house (Schwab, Fidelity) may actually be earning .01% on a yearly basis.   Even with the teaser rates from small and big banks alike, certificate of deposits which were one of the cash go to instruments for many families have now withered away to all time lows as well.    Even if you park the money away for 3 to 5 years, you are still well behind inflation after the interest you earn.   This means it is more important than ever that you figure out how ...

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