In this Good Money Moves podcast, we talk about Certifcates of Deposit, also known as CDs. We explain just what certificates of deposit are, cover why they tend to get a bad reputation and finally discuss the concept of CD laddering.
Good Money Moves is a local Rochester, MN podcast produced through a partnership between First Alliance Credit Union and News Talk 1340 KROC AM & 96.9 FM. Each Good Money Moves podcast episode is packed full of the financial information you need know to be able to make good money moves through every stage of life.
Good Money Moves Podcast Episode Details:
Episode Number: 30
Topic: Everything you need to know about certificates of deposit for saving money
Topic expert: Danielle Sommerfeldt, Branch Manager at First Alliance Credit Union
Episode Length: 26:00 minutes
In Episode 30 of the Good Money Moves Podcast
In this Good Money Moves podcast, we take a deep dive into exploring a saving account called certificates of deposit, also known as CDs. We start off by defining just what a CD is, then talk about why a CD sometimes gets a bad rap and dispel some of the myths and misconceptions about CDs. We then talk about what makes CDs optimal saving accounts for your goals, then finally discuss the concept of CD laddering.
Financial Tools and Resources Mentioned in the Show
- First Alliance Blog
- First Alliance's CD page
- Working with a First Alliance Advisor
- Compound Interest Calculator
Other Podcast Listening and Download Options
- Download it here
- Listen live every Saturday morning at 10:00 AM on News Talk 1340 KROC AM & 96.9 FM
- Explore all the available Good Money Moves podcast episodes here
Want more information about certificates of deposit?
Check out these additional resources on certificates of deposit:
Start making Good Money Moves in your life! Contact the knowledgeable Advisors at First Alliance Credit Union today to get pointed in the right financial direction.