I found a 20-year CD that pays 10% interest per year!
*mind blown*
Now before I tell you how to get in on this, you need to understand the fine print. Don’t worry there’s
not much.
1. CD’s withdrawn before maturity may be penalizedThe interest earned depends on the interest rate
environment and we cannot guarantee early withdrawals will receive interest or the entirety of the
principal.
Rick’s note: Basically, you can actually lose money if you withdraw the money before 20 years.
2. Interest earned may fluctuate. As the interest earned depends on the interest rate environment, the
interest earned may fluctuate. The majority of our customers will receive an annualized interest rate of
10%. However, some customers may earn a minimum of 6% or a maximum of 18% per year.
Rick’s note: The 20 year average for some might be 6% and for others it could be as high as 18%. And
while you won’t know what your interest rate is until the CD matures, almost everyone gets 10%.
That’s it! That’s all the fine print!
Ready to hear where to get in on this!?!?
It’s…drum roll…an S&P 500 Index fund!!!!!!
Woohoo!
This is not a gotcha!
The S&P 500’s WORST 20-year average was 6.2% and the best was 18% annual returns.
The average is 10%.
The only caveat to earning that is you can’t touch it for 20 years.
If you touch it, you will almost DEFINITELY lose out on the interest you would have earned.
And it’s very possible that you could even lose some of your principal for early withdrawals.
So make sure your long-term money is invested in “long-term CD’s” aka broad-based index funds and
then DON’T TOUCH YOUR MONEY until it matures in 20 years.
