Certificate Of Deposits

All about CDs (Certificate Of Deposits)
When the richest people in the world are asked to give advice about how to earn and retain money, their response almost always resounds with the same principles: Your money should always be working for you, instead of you working for it.

The ideal situation is to put your money into something with a high rate of return. Then, while you are enjoying life, your money is constantly returning more. One option is to put your money in a CD (Certificate of Deposit), which is a type of account offered by many banks. They don't work like regular bank accounts. So if you've been contemplating ways to make your money work for you, read on.

CDs are characterized by being registered for at a fixed amount of time. When you put your money in, you tell the bank that you are going to leave it for a certain amount of time. The most common amounts are 3 months, 6 months, or any amount of years up to 5. The specific interest rate is set at the beginning, and does not change over the period of time.

The money in the CD is held until it 'matures', at which point the customer can withdraw it without bringing about any fees (which are applied if he or she withdraws before the date of maturation).

This may sound like a bad deal, but consider this: since the customer has to put up with having their cash unavailable for so long, they have their diligence rewarded with a particularly high interest rate. This is the aspect that attracts people to using CDs. Since they are offered by regular banks, they are completely insured. This makes them an almost entirely risk free investment, as long as you know you won't need the money.

If you've got a large sum of money sitting around and you're not doing anything else with it, then you should make every effort to put it to work. Some people are not cut out for high risk investments like the stock market. If this is the case, then the calm assuredness of CDs could be perfect for you.

Talk to people at your local banks to find their specific terms and conditions for CDs. Look for things like flexible liquidity, high interest rates, and time periods that suit your needs. Hopefully you will find something that is perfect for your finances, and will put your money to good use.
How to negotiate a better salary
If you want to make the most of your career you'll want to negotiate your salary in the best way possible. Where a lot of people make a mistake with that is, they talk about the salary that they expect to get on their resume or cover letter and that, can get them weeded out of the applicant pool before they ever even get an interview. You'll want to avoid any mention of how much you expect the company to pay you when you submit your application, resume, or cover letter to them. It's not a good idea, because you might set your expectations too high and be turned down right away. If you set them too low you could end up making your prospective employer think that you really aren't worth anything or that you have no confidence in yourself. Neither one of these scenarios is likely to get you an interview, much less get you the job. If you're specifically asked about a salary requirement you can state that you are looking for the market rate, or that your salary requirements are open but you're sure a company such as that one would pay market rate.

Those are nice ways to say that you expect to be paid well without coming out and putting a dollar figure on your employment opportunity. Once you've been through the entire recruitment process and have been hired is the time to start discussing dollar figures, because then you have a position of strength. The employer probably doesn't want to spend a lot of time going through the recruitment process with someone else, so he or she will be more willing to negotiate as long as you don't get greedy. Know in advance what the salary range is for your job in that area of the country and understand that you'll need to stay within that. An employer isn't going to want to pay more for what is essentially still an unknown quantity. You should also stick with the old adage that you won't get anything unless you ask. If you've shown the employer what you have to offer, ask for what you really think is fair and then negotiate from that point.