Before you consider purchasing a certificate of deposit from your bank or brokerage firm, make sure you fully understand all of the CD terms.  Carefully read the disclosure statements, including any fine print.  And don’t be overwhelmed by high yields and vague promises.  Ask questions and make sure you understand the answers before you invest.  There are a lot of options available regarding different CD rates and terms as well as several thousand banks that offer these products.  Non traditional CDs offer even more variety but may stray from the primary purpose of the bank CD, fixed interest rate return with guaranteed principal and safety.

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