The benefits of CDs as part of good financing include building up credit, earning interest and growing a safety net. Discover the benefits of certificates of deposit with tips from a young professional in this free video on financial advice.
Expert: Jessica Rose Smith
Bio: Jessica Rose Smith has been attending Cape Fear Community College in Wilmington, NC, for more than a year now.
Filmmaker: Reel Media LLC
I love how out of ten comments only 1 of them isn't about nailing her.
workingthrash 8 months ago
Jessica, you may look pretty, but you know NOTHING about CDs. The primary reason to have a CD (as opposed to investing it in stocks or bonds or keeping it in a checking account) are:
1. FDIC insured just like savings accounts are.
2. More liquid than Treasury bonds, because you can take it out before time is out and only pay an interest penalty.
thevian123 2 years ago
can't argue with that, i actually am quite stupid
cheese593 3 years ago
CD's are not inverstments. Mutual funds are investments. CD's are savings accounts that have a locking on them and a penalty for early withdrawl.
robn375 3 years ago
CDs?
CDs are almost dead and half buried.
CDs are being raped in the market by sd cards, usbs, and smaller removable media
the CD is going the way of floppy disks and bigger floppy disks
cheese593 3 years ago
how many started viewing this to get insight on cds as opposed to the ones who were lured in by this bombshell of a woman?
yeeftoh 3 years ago
So is this sponsored by Bank of America? Being interested in finance at your age is great but try getting licensed and working with finance and clients first hand.
michaelivie88 3 years ago
CDs are extremely poor investment tools.Investors will be much better off investing in a well diversified mutual fund that meets their LONG TERM objectives.CDs arent even good investments for emergency funds as they offer poor liquidity.Money market funds will pay comparable interest rates and also give you check writing privileges with no minimum.CDs dont build your credit either.Look up the definition of opportunity cost and then run the numbers to see the difference btw 5&12% over 30 years
michaelivie88 3 years ago
what? aqll i heard was that was boring check out the retarted ghost it is hilarious plus the other videos from over lord kitty
overlordkitty 3 years ago
dunno either... better watch again.
bdimag 3 years ago