Are High Yielding CDs a Viable Investment Option in a Low-Interest-Rate Environment?
For the past few years, interest rates have usually slid into a pattern that is volatility-prone and has been knocking many savers and investors off course in search of solid, dependable places to grow their money. Due to the volatility associated with these patterns, High Yielding CDs, which were once strictly a niche product, are now of more interest as an alternative investment to be used to increase wealth with very little risk. Still, the question remains: in this low-interest-rate environment, do High Yielding CDs still present themselves as a good investment?
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