An Alternative to Bank CDs
Question: John, I am 55 years old and have a $12,000.00 CD at the bank that is paying less than 1% a year in interest. I do not need the money until I retire at 66. Do you have any options that could provide a better interest rate? from David G. in Monroe, NC Answer: Over the last ten years banks reducing their interest rates on CDs, checking and savings accounts to less than 1% has become a common occurrence. During this time life insurance companies...
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