Keep these tips in mind when you’re planning a home office:
- Be sure it’s ergonomically correct
- Find the optimal location
- Consider used office furniture
- Incorporate lighting, plants and sound
A Certificate of Deposit (CD) is essentially an agreement between you and your bank. You agree to deposit your money for a fixed amount of time and, in return, the bank guarantees you a specific CD interest rate. Of course, Discover Bank understands that your financial needs may be complex and subject to change, so we offer a wide range of CDs with terms and interest rates designed to help you succeed. Whether you use a single Discover CD to pursue your goals or several of them, you’ll find the flexibility, liquidity, and great rates your situation demands.
CD interest rates are typically determined by three factors:
In most cases, you’ll receive higher CD interest rates if you increase the length of time your funds remain on deposit or increase the amount of your deposit. When you save with Discover CDs, those rates are always guaranteed, regardless of your account balance or term.
Here are some basic guidelines to follow when choosing the term of your CD:
CDs typically come with early withdrawal penalties, which can wipe out returns on even the best CD interest rates if you need to take the money out before the term is up. So, make sure the maturities you select work with your cash needs. With Discover CDs, that’s easy to do. And don’t forget that Discover Money Market and Online Savings Accounts also make saving for the future easy and affordable. Their low initial deposit requirements, easy access, and highly competitive rates make either type of Discover account a smart choice for a variety of important savings goals.
In addition to offering CDs, Money Market and an Online Savings Account, Discover also offers IRA CDs to help you grow your retirement savings. Open an account online in minutes or call our 24-hour U.S.-based Customer Service at 1-800-347-7000.
The article and information provided herein are for informational purposes only and are not intended as a substitute for professional advice.
It all depends on your financial goals and how you plan to manage your money.
Need to get your retirement savings back on track? Start with these 10 retirement savings tips.