Medical expenses are a major concern for many of us today. With the rising cost of healthcare coverage, more and more employers are cutting costs by providing insurance plans with high deductibles or eliminating healthcare coverage altogether. Whether you are covered by your employer or you choose to purchase your own coverage, a high-deductible health plan [...]
Savings Account vs CD You’re sitting on some cash and you’re wondering whether to put it in a CD or savings account. Given the current rate environment, there are some advantages and disadvantages to each option. Should I put my money in a certificates of deposit? Before you decide on a savings or CD, you’re [...]
Traditional CDs These CDs are the most common. They typically have minimum deposits of anywhere from 1,000 to 10,000. In the recent down economy, some banks have droped minimum deposit requirements to $1 or even $0, but it doesn’t really make sense to deposit $1 in a CD, as you can’t add to it later. [...]