nba News

CD’s – Are they doing you any good?

Many people today have been lulled into a false sense of security with owning Certificates of Deposit!   They have their place when we have hyperinflation but now is not that time!

I refer to Certificates of Deposit as really “Certificates of Depreciation”!

When you look at the interest that one earns on a CD you will soon realize you are going backward with the little interest you are receiving from the bank and the taxes you pay on the interest!  Then you look at the Cost of Living and by then you should be shaking your head in disbelief!

Yes, there are better places to put your hard earned money and have it be total secure and safe not to mention tax deferred!

If you would like to look at a comparison what is out there please reach out to me at 530-223-5555!