I am looking into investing in a second IRA, a CD Bank IRA, my question is this a good investment, will I make good returns from this, I dont think the rates are good for Bank IRAs but I can be sure I wont lose any money.
Note: I already have another retirement account through my employer.
Check around, bank rates change weekly or daily. CDs give guaranteed rate of return, although pretty low rate. but with stock market in doldrums, not that bad. sometimes banks offer teaser rates to get you to come to them. Check newspapers.
CDs are safe but a very low yield investment.
IS a Bank CD IRA a good retirement account? Do you know which Banks offer the best rates for Bank IRAs?
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