How to Save Money with a Certificate of Deposit

Have you ever thought about what is the best way to save money?  A regular savings account or something different?  Let's look at a CD versus a regular savings account.  Below is an example of some differences between the two but the bottom line?  You can make more money with a CD!

CD Savings
$1,000 minimum balance $25 minimum balance
Locked in for a specific time Can withdraw at any time
Higher rate of return Lower rate of return

Take a look at this example -

If you put $1,000 in each of the above for 15 months, with Liberty's current CD interest rate of 2.30% your CD would earn $29.00 and your savings would earn $1.87.  Which amount would you rather have?

Give us a call to set up your CD today at 855-351-2265.

 

 

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