Are you looking to grow your money with little to no risk? Having a stock portfolio is great and can certainly help you build wealth, but it can be unpredictable, especially in volatile economic times. If you want a guaranteed return on your savings, consider a CD, or Certificate of Deposit.
Anna Manukyan, Ulta Beauty's Senior Director of Education and Creative, loves sharing her financial expertise with the beauty industry. In her most recent #FinanceFriday video, she explains how CDs work and how this savings tool can be beneficial for you. See the video below:
For reprint and licensing requests for this article, Click here.