Now You Can Make Money Again From a Long Dormant Investment

Finding a safe place to park a large amount of money that pays you interest has been a challenge for more than a decade.

With the central bank holding rates to promote or protect economic activity over the past several years, it’s hard to get anything for your money.

For years, bank certificates of deposit were the Wall Street equivalent of unused documents gathering dust on shelves with little or no demand.

2021 and 2022 have changed that equation, as rising interest rates lit a fire under the bank’s CD market, where 3.5%-to-4% returns are commonplace across the bond market.



Source

Leave a Reply

Your email address will not be published.

Related Articles

Back to top button