Should CDs be in the mix of finance tools for a SMB?

Cash flow for a business can be a complicated balance of spending versus saving, but here’s a simple idea from the personal banking side that might be useful: stash extra cash in a certificate of deposit (CD). This common retirement tool makes sense to consider as a safe harbor for business funds, too. Not only does it protect revenue from market fluctuations and accidental spending, but it earns interest.

This common mistake can obliterate CD earnings

We invest in CDs for their earnings… that tidy little return that rolls right back into the investment while keeping our money safe. It’s one of the most common places for a retiree or business owner to park their cash reserves because it’s safe from stock market fluctuations, with a payoff that’s often better than a money market fund or savings account.    Investing in CDs (certificates of deposit)...

4 Smart Moves to Get the Best CD Investment Rates Possible

A rate increase by the Federal Reserve is trickling down into banks, with some now offering a higher annual percentage rate (APR) on their certificates of deposit (CDs). How can you take advantage of the shift to earn more money on your investments? These four smart moves help you earn the best CD rates possible.

How to Use a Certificate of Deposit Ladder to Boost Investment Income

Retirement can be unpredictable and many retirees struggle to balance their spending so they don’t outlive their money. They want to ensure their money lasts as long as they might need it by avoiding more volatile investments, but without being so conservative it can’t earn interest. One investment opportunity ideal for this situation is the simple CD (Certificate of Deposit). It’s a low-risk place to stash cash that isn’t...

How to Choose the Best CD For Maximum Yield

Sitting on a stash of cash? Putting it into a certificate of deposit (CD) can be a great way to keep your funds safe, while earning a tidy interest rate. Horizon is currently offering one of the best interest rates in the nation on CDs! In exchange for an interest rate higher than money market or savings accounts, your funds are a wee bit less accessible, since it’s locked...