Bank of America, Investment CD?
What exactly is an Investment CD? when money is put into it, will the bank deduct from it or will I gain from it?
You will gain about 5% as the advertisement tells you. Why else would you let somebody hold your money for a whole year?
If 5% is not enough for you (and it isn’t for me), consider investing other places, with a little tolerance and acceptance of risk, a 10-15% gain is realistic.
Wall Street in Crisis – Amiyatosh Purnanandam