cdrates

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Submitted by cdrates on Thu, 05/11/2009 - 03:03.

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CD

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I operate a bank rate website. One question I get a lot is about how to save for a child's college education. The conventional path is to invest in the stock market because a college fund is a long term investment. If your child has yet to hit their teen years then the stock market might be a great place to put your funds. If you do decide to go to the market, stay away from individual stocks as there's too much risk. You also might want to take a look at what the highest cd rates have to offer. CDs are a very safe investment as they're FDIC insured.

Make sure to get the best interest rates if you're considering CDs. As you move closer to your child's entrance to college you should move your funds to a savings account so you can access your funds easily.

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