Investing in bank products and CDs

[eldavis]

Just as there are so many types of investments out there, investing in bank products and cds is a great way to make money with little risk. A cd is a bank product where you agree to loan the bank a specific amount of money for a specific amount of time. After this you would get some amount of percentage. People do not like going for this kind of investment simply because besides the fact that it has low risk, the returns are also very low hence people do not want it.

 

[Stardom22]

One thing that the low to middle income earners are unable to do is investing in the mentioned ventures.

 

[Hate2Wait]

I have seen the rich doing that and from some time there is a flood of private banks in India where even Airtel is running its payments bank

 

[Rubz]

Investing in bank products and CDs is quite lucrative. CDs are time deposits with fixed interest rates and maturity dates. They typically offer higher interest rates than traditional savings accounts.

 

[cherry123]

The thing is that sometimes we are ignorant of the ways to invest our monies and another one Is the interest rate when it is low it dimishes interest