If you’ve been stuck to purely savings and checking accounts in the past, I suggest that you should try investing in certificates of deposit.
Certificate of deposits are basically time deposits. You agree to keep your money on the bank for a specific period of time as laid-out in the agreement then the bank pays you a higher interest rate for doing so.
If you have savings in the bank which you don’t intend to use for quite some time, consider getting some certificates of deposit because they yield higher interest rates than the ones you can get from the regular saving accounts.
Almost all major banks and other institution offer certificate of deposit. While major banks require you hundreds of thousands of dollars before you can invest in certificate of deposits, banks like the Aurora Bank offer low minimum deposit – making it easier for you to build a solid financial future. They also offer some of the most competitive interest rates in the marketplace, a wide range of account terms, low minimum deposit, automatic renewal at maturity, and FDIC insurance.
If you’re shopping or trying to learn more about certificate of deposit, try to check out the CDs offered at Aurorabankfsb.com.