Is A Cd A Good Investment

Is a CD a good investment? The answer to that question depends on a number of factors, including the type of CD, when it was purchased, and the current interest rate environment.

In general, a CD is a safe investment, since it is backed by the federal government. However, in a low interest rate environment, a CD may not be the best investment option. For example, if you purchase a five-year CD with a 2% interest rate, you will earn less than the rate of inflation, which means you will lose purchasing power over time.

In contrast, if you purchase …

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Bank Of The West Cd

What is a Bank of the West CD?

A Bank of the West CD is a certificate of deposit, or CD, offered by Bank of the West. A CD is a type of savings account in which the depositor agrees to leave the money in the account for a set period of time, called the term. In return, the depositor usually receives a higher interest rate than on a regular savings account.

Bank of the West offers CDs with terms from three to 36 months. The interest rate on a Bank of the West CD depends on the term of …

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