Bank Of America Cd Rates

8% CD, would you invest?

A new company is offering 7.75% 3year CD. The company does not have the big name like Fidelity or Bank of America but it is offering a great rate of return. Of course the company is offering a legal contract guaranteeing 8% rate and principal back. Would you invest in this 7.75% CD?

If it’s insured then I would. It’s hard to find a rate that good, but I don’t like the idea of losing my money.

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