I earn $600 in Interest Each Month - Interest Is Income

Interest is Income do you know that?

If you are not tracking interest rates, you're probably missing out on free money (Additional Income) every month

The pros of moving your money into a high-yield certificate of deposit (CD) rather than another type of investment option like -- stocks, money-market accounts, 401ks, or saving accounts are the following:

• Your money is in a secure investment product that earns higher interest than it would get in a savings or money market account. While there are riskier ways to earn more interest, CDs are FDIC insured.
• The FDIC (Federal Insurance Deposit Corporation) insures a bank account holder up to $100,000 which includes the money you invest in CDs.

The cons of CD investing would be:

• Typically the lower the risk, the lower the interest.
• Certificate of deposits are influenced by economic conditions. CDs with a fix rate however are fixed within the maturity date, but when you want to reinvest the rate maybe lower or higher. Shopping different banks can help solve this problems.
• There is a penalty charged for early withdrawal. Early withdrawal is determined by the maturity date.

Similar to bonds, CDs are commonly accepted among people looking to invest money. Although similar to bonds there are some differences when purchasing a certificate of deposit. Interest earned from a CDs is taxable and CDs are only available for purchase from a bank, which provides the FDIC insurance. The other difference worth pointing out is that interest from a CD is paid at the maturity date and normal bonds have periodically schedules.