Use a 2% CD to Pay for a 3% Car Loan

That’s right. You heard that correctly. It’s financially better to use a invest money into a 2% Certificate of Deposit (CD) instead of paying off a 3% car loan directly. The math checks out. Buying a $35,000 Car Scenario Here’s the scenario, you want to buy a $35,000 car. Assume the following: 5-Year Term A … Read more Use a 2% CD to Pay for a 3% Car Loan

It’s Better to Invest in a 5-Year CD For 3 Years Than Buy a 3-Year CD

Thinking of putting some money into a safe, short-term investment vehicle? Especially if you’re looking into making a big purchase such as a house or car soon. CDs are a good way to protect your money while keeping it growing ever so slightly. If you’re looking into buying 1 or 2-year CDs because you’re buying … Read more It’s Better to Invest in a 5-Year CD For 3 Years Than Buy a 3-Year CD