Tips To Turn Economic Uncertainty Into Opportunity

May 15, 2023 | Categories: Personal Finance

Are you looking for ways to grow your hard-earned savings? Here are six reasons to consider opening a Texas Capital Bank CD now.

The market may be volatile, but the news isn’t all grim. Savvy investors can use this time to take advantage of higher interest rates on bank products like Personal Certificates of Deposit (CDs).

CDs can be an excellent place for funds you don’t need immediate access to since term lengths vary. Further, when you use a money-saving financial product like a CD, you’re more likely to earn higher interest than you would through a traditional savings or money market account.

6 Financial Benefits of Saving with a CD

Here are six of the most compelling ones:

1. You’ll achieve savings goals faster
2. You’ll get a fixed rate
3. You won’t be tempted to spend that money
4. You can access the funds if necessary
5. Lock in 4.00%+ Annual Percentage Yield (APY) for your savings—in just 90 days
6. The FDIC secures CD balances

Visit Investopedia to read the whole article and learn more.

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