Interest Rates Are Near An All Time Low
Right now you are getting some of the lowest interest rates for CDs we have ever seen. The economy is in such a slump and these low interest rates are hurting anyone with money to invest. This includes seniors who typically like to put their money in risk free investments such as bank CD’s so that they can earn interest income. The news rarely covers the plight of seniors because they are a minority but right now is a rough environment financially for them too.
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