A high-yield money market fund is a pool of corporate bonds and other debt instruments paying a higher rate of interest than conventional savings accounts . The funds are offered by banks and mutual fund companies. They pay regular interest and also provide liquidity to investors, who can withdraw their money freely at any time High-Yield Holdings # High-yield funds … [Read more...]
CD Basics (Certificates of Deposit)
A certificate of deposit or CD is a time deposit, a financial product commonly offered to consumers by banks, thrift institutions, and credit unions. CDs are similar to savings accounts in that they are insured and thus virtually risk-free; they are "money in the bank" (CDs are insured by the FDIC for banks or by the NCUA for credit unions). They are different from savings … [Read more...]