Can you lose money on a CD? Here’s when — and how to avoid it
Learn how you can lose money on a CD.
David McMillin is a contributor to Bankrate covering personal finance, including mortgages, real estate, student loans and auto loans. From budgeting tips for individuals to funding strategies for aspiring business owners, his goal is simple: to help readers figure out how to save more and stress less. As a musician, he has spent a lot of time worrying about money, as well, and he applies the lessons he’s learned from that financial balancing act to offer practical advice for personal spending decisions.
McMillin studied writing at DePauw University. He is based in Chicago and loves to discover new places. He only needs to visit four more states (Alaska, Oklahoma, Utah and Vermont) to check all 50 off his list.
Learn how you can lose money on a CD.
Prequalification does not negatively affect your credit score — but getting preapproved does.
It can be a smart strategy, provided you understand what you’re risking.
Consumers without a bank account face hurdles when trying to cash a check.
Yes, your for-profit property can be a cash source for you.
You don’t have to spend a fortune to boost your property’s worth.
Bottom line: Will refinancing help you save money?