Here’s what the traditional banks are saying
- CDs are paying their highest rates in 20 years thanks to the Federal Reserve’s aggressive inflation-fighting campaign.
- Opening a CD now allows you to guarantee one of today’s record rates for months or years into the future.
- The top nationwide rate in each CD term—from 6 months to 5 years—currently ranges from 5.20% to 6.18% APY.
- With a $10,000 investment in a top-paying CD, you can earn hundreds to thousands of dollars of interest on your money—and much more than if you keep it in a typical savings account.
- CDs can also help you keep your money in savings, reducing the temptation of spending on unplanned purchases.
Cons of Using a Certificate of Deposit for Savings/Investment
- Accessibility. With a savings account or money market account, you’re allowed to make a certain number of withdrawals of cash or transfer funds to a linked checking account. …
- Early Withdrawal Penalties. …
- Interest Rate Risk. …
- Inflation Risk. …
- Lower Returns.
The real question is what will the same $10,000.00 invested in a Private Syndication Club opportunity yield you in the same time.
Bank CD
Deposit: $
APY rate: % Ending Balance: $ Total Interest: $
APY rate: % Ending Balance: $ Total Interest: $
Private Syndication Club
Invest: $
Annual Factor Rate: % Total Recovery: $ Total Factor Recovery: $
Annual Factor Rate: % Total Recovery: $ Total Factor Recovery: $
The Difference: $
The Differential ROI: %