In an economic climate marked by rising interest rates, there is a renewed interest in certificates of deposit (CDs). But with trust in banks dwindling and convoluted reserve requirements, the question persists: Should you invest in CDs?
Like most things, it depends on your needs and goals, but most of all, it is important to understand the product you’re placing your money into before choosing to deposit money into a CD. I understand that a bank CD may seem as basic as the ABC’s, but I find that many people have little knowledge about why banks issue them, how they are used and how they are priced.
