Jumbo CD Rates Are Better Than Most

The recession has been real and unfortunately it has had a devastating impact on the economy and on consumer confidence. Many have suffered great hardship as a consequence and we are deeply and genuinely sympathetic for all thus affected.

Since consumer confidence is just beginning to return, I wish to highlight an investment that will bring you high yields without the corresponding high risk and instability of many investments that require you to tie your money up for years and in the end may not deliver the rates you had expected upon maturity. If you have a reasonably large sum of money that you want to work for you, then I urge you to consider Jumbo CDs that will generally require you to invest at least $100,000. There are advantages which we will amplify in this article but because there is no in-built insurance protection, you really need to weigh up the pros and cons. It is always a good idea to find someone who has tried this popular form of investment or speak to a reputable and independent financial adviser who is not under pressure to sell you "his" product.

I will endeavour to give you as much impartial advice as I can in this article and can assure you that I have no ulterior motive, other than highlighting a fairly cautious investment that will bring larger than normal rewards in a relatively short time. Do not merely be satisfied with leaving your money in a bank or savings account that is, if at all, paying out minimal and derisory rates of interest. Your money needs to be working hard for you, especially at this time of economic sluggishness – do not let banks benefit from customer lethargy or ignorance. Be proactive in securing the best available rates without incurring high and unacceptable risk.

At the time of writing the best rates available are 2.75% APY for a 5 year investment or 3.25% APY for a 10 year investment. Bearing in mind that these are relatively secure, you will be hard pressed to find a better rate of interest at the moment. Coupled with the fact that CDs are short term investments, are virtually risk free and pay out admirable rates of interest upon maturity, I strongly urge you to consider such an investment if you are in a position to invest a larger than normal amount of money. It will bring rewards and these rates are realistic if you leave your investment for the full period agreed. Penalties do apply if for some reason, you withdraw funds before the maturity date.