Certificates of deposit, or CDs, are the third leg of a trifecta of low-risk, low-return savings products offered by banks and credit unions. Like savings accounts and money market accounts, CDs are safe and easy to use.
That said, CDs offer much higher interest rates than those products, so you can grow your money faster. The hitch? You must agree to lock away your money for a specific time period, which can... MORE
There’s a conundrum when it comes to credit: It takes credit to build credit. Those with good scores have ready access to instruments to further improve their standing. Meanwhile, those with little or negative credit have far less access to the very credit which is required to build it.
But those with little or no credit don’t need to fall prey to high-fee, high-interest options that make building or rebu... MORE