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For the past couple weeks I’ve been working closely with Ian Wyatt to research a unique certificate of deposit that offers the same FDIC protection of a regular CD, but also has the bonus of an actual potential return.
Right now, your average CD pays maybe 1% per year – a little bit more if you’re willing to deposit your cash for a longer term.
So Ian and I set out to find a CD that could actually pay more than 1% per year AND one that would not lock up capital for more than 3 years. Ideally, you’d want that capital back in your hands before the end of 2014, which is as far out as Ben Bernanke says he’ll keep rates super-low.
To be honest, this project was much more difficult than I thought it would be.
Most banks had zero interest in talking to me – probably because there are some strict rules about how they can advertise these CDs.
Even though we weren’t interested in advertising for them, as soon as they heard I was from a financial research publishing company, they clammed up or diverted me further into the hell that is the corporate phone tree.
But after some wrangling, I finally got the answers I was looking for.
It’s a CD that invests a small portion of principal into a commodity backed index. If the index goes up, the CD benefits.
If it goes down, your principle is still insured 100% by the FDIC. And the deposit period goes to the end of August 2014 – just in time to benefit from (hopefully) higher interest rates from the Fed. Better yet, there’s still a minimum yield of 0.5% per year – which isn’t much worse than the 1% you’ll get from a traditional CD.
And while I’m not sure this CD is right for everyone, I think it’s worthwhile passing the information on to you.
The thing is, it took us so long to do this research and compile it into a readable, actionable report, that you’ll have to act fast to buy this CD if you’re interested.
This specific offering expires on February 22, 2012 at 1 p.m. EST.
That’s next Wednesday. And Monday is a holiday – so I apologize, but there’s really just not very much time to act.
If you are interested, I recommend reading the full write-up that I’ve helped Ian put together on this opportunity. You can read it by clicking here now.
Have a great weekend,
Kevin McElroy
Editor
Resource Prospector Pro