Certificates of Deposit: Locking a Rate and What It Costs
A CD is a bet that rates will fall. Right now that bet has a modest payoff.
A CD is a bet that rates will fall. Right now that bet has a modest payoff.
The deduction is the point, and it is the thing most likely to be phased out.
There is no other place in personal finance where a few hundred dollars buys a million dollars of protection.