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Tag Archive: bank CD alternatives

An Alternative to Bank CDs

John CasaSanta

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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