If you're looking to return to a positive savings rate, consider the benefits of a certificate.  When looking for a low-risk investment for their hard-earned cash, many Americans turn to certificates.

The ABCs of Certificates

A certificate is a special type of deposit account that typically offers a higher dividend than a regular savings account. Unlike other investments, certificates feature federal deposit insurance up to $250,000.

When you purchase a certificate, you invest a fixed sum of money for a fixed period of time – six months, one year, five years, or more – and, in exchange, the issuing bank pays you dividends, typically at regular intervals. When you cash in or redeem your certificate, you receive the money you originally invested plus any accrued dividend. If you redeem your certificate before it matures, you may have to pay an “early withdrawal” penalty or forfeit a portion of the interest you earned.

Why people like Certificates

With their low-risk and guaranteed principal, certificates are an investment choice for people who want to avoid the roller coaster ride of the stock market.
Source of Partial Information: SEC / MortgageLoan.com

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