Reinvesting Your Cd Without Leaving The BankPam Black
It's April, and millions of savers are facing an annual rite of spring: how to reinvest billions of dollars from maturing certificates of deposit. As investors look around for returns that beat the underwhelming rates of about 3% for short-term CDs, bankers are hoping they won't look far. To keep savings from fleeing to mutual-fund companies and brokers, banks have been zipping up the menu of investment products they sell.
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