Split Your CD Investment For A Better ReturnWhen certificate of deposit interest rates go up and down, it's hard to know what to do with your
money. You may not want to tie up all your money in a long term certificate, but you can't take advantage of the higher long term rates if you choose to
stay with a more liquid account.
What's The Solution?A great way to get the best of both worlds is to split your investment. By splitting your certificate portfolio, you can spread
your funds out over two different terms. This enables you to increase the overall rate you're earning without locking up all your money for a long term.
Use the following work chart to see an example of how this could work if you split your certificate into two certificates with an equal amount
in each. A Dollar Bank Representative can help you complete the charts below. Call 1-888-418-BANK for assistance, or to find a location.
click here.
| Your Portfolio |
|---|
| Your Current Certificate |
| Term in Months ________ | Balance $____________ | APY _______% |
| Split Your Investment For Increased Savings |
| Certificate #1 |
| Term in Months ________ | Balance $____________ | APY _______% |
| Certificate #2 |
| Term in Months ________ | Balance $____________ | APY _______% |
| Overall Portfolio |
| Balance $____________ | Average APY _______% | |
Based on the analysis presented above,
splitting your investment will increase your overall rate of return: |
| From _______% APY | To _______% APY | |
The information presented in this publication is general in nature; it is not our intention to provide specific
advice to individuals or a comprehensive discussion of the subject matter. We suggest that you consult with your
financial or tax advisor, accountant or attorney to obtain specific advice or comprehensive information.
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