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How to Invest in a 9 Month CD

Jan 6, 2011 10:44 PM

Short term CD's are the way to start out.

Investing your money in a 9 month Bank CD is safe and risk free. You are guaranteed to earn money. There are penalties for early withdraw on any CD. The penalties vary depending on the bank. The short term CD's such as the 9 month CD is easy to keep your money in without penalty. Should you have to withdraw the penalty would be less than it would be for a longer term CD.

Short term CD's are the way to start out.

Tips

  • Make sure your Bank CD's are FDIC insured. This will guarantee the safety of your money.

How much do you want to earn from your investments and how long do want to wait on your return. Knowing what you expect out of your investments will help you in deciding on the length of your CD. 9 month CD's are perfect for making money fast and keeping down the risk of early withdraw and penalty.

CD's are a safe and an effective way to save money.

Do some research on CD's before you go and make any decisions.

Search for the best Bank CD rates on the internet.

Interest rates go up and having your money available for withdraw is important. That's what makes 9 month CD's great!

Tips for Planning for your future and your retirement.

  • A 9 Month CD will earn money off your investments.
  • When purchasing a Bank CD, find out what their penalty is for early withdraw.
  • With a 9 month CD you are guaranteed to make money.

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