Current rate of return is 5%

Map Branches

• Stock in a Company
  • Stock represents ownership in a company
  • Value of stock rises as company's value rises
• Municipal Bond
  • Represents a loan issued to you to raise money
  • Pays interest over time for the money at some rate
  • Good for small amounts
• Mutual Fund Stock
  • A collection of bonds owned by a pool of people
  • The fund shares rise and fall each day depending on interest rates
• U.S. Savings Bonds
  • Same attributes as CD
  • Current rate of return is 4.5%
  • Series EE bond is the most common type of bond
  • Advantage over CDs is that you don't have to pay state income taxes on the interest
• CD
  • A bank account that earns a better rate in return for a fixed time commitment
  • Normally 6-month, 1-year or 5-year in length
  • Penalty for withdrawing early
  • Current rate of return is 5%
• Money Market Account
  • Works like a saving account but with a better rate of return
  • Current rate average: 4%
  • Best for money you plan to hold a short period of time (3 months to a year)
  • Usually have a minimum balance or maximum number of withdrawals per year

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