Invest, invest, and invest. If you're not saving you should be investing. Or people say. If you're new to investing and are concerned with risk, a certificate of deposit may be the easiest option for you.

A certificate of deposit, a CD, is a savings certificate with a fixed interest rate and affixed maturity date. Basically, it's a savings account with a fixed interest that you can't access for a certain period of time. The higher the interest rate, the more your CD will yield. Since the funds have no liquidity, the pay off is the yield from the interest. CDs generally considered low risk investments and the FDIC insures CDs up to $250,000.

All commercial banks offer CD accounts but you will most likely get a better deal from lesser know banks like Ally, Barclays, CIT, or other online banks. The longer the term, the better interest rate you will get. However, the longer the term the longer the risk associated with the CD. A major drawback is that if an interest rate significantly increases during the term you will not be able to benefit.


Some banks, not all, offer rate bump CDs, where you can request an interest rate bump if market interest rates rise during the tenure of the term. The bank doesn't do this automatically and even if you ask for the interest rate bump it isn't guaranteed yes. Ally Bank and CIT bank offer rate bump CDs, but there's different stipulation for the accounts. CIT requires a minimum of a $25,000 deposit and Ally only offers bump-rate CDs on two and four year agreements.

So, should I open up a CD account?

Right now? If you are looking for a high yield investment, then no. CDs are most beneficial whenever there is a high interest rate. Since interest rates are so slow, the interest rate will not yield substantial earnings at this time. For example if you invested $5,000 in for a 24-month term with an interest rate of 2.5 percent that compounded daily, your earnings would be $256.08. However a CD does generate more interest than an average savings account. If you are saving for long term goal and want to prevent yourself from dipping into the money, then a CD might be viable option for you. Keep in mind that you will be hit with a penalty fee if you withdraw money from a CD before it come to full term.

A CD ladder could be the happy medium. The Federal Reserve is planning increasing the rate at least three more time in the next year. As the economy strengths, interest rates generally go up. Creating a CD ladder would allow you to take advantage of increasing rates and have more liquidity. A basic CD ladder will have at least three rungs. Each "rung" is a CD with differing interest rates and term agreements. Let say you have a one-year, a two-year and five-year CD. When the one-year CD agreement ends, you would open a new CD at a longer term with the money. That way you will be getting a higher interest rate as your money grows.

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Why You Need Cometeer Coffee: Coffee You Can Take on the Go

Cometeer Coffee

There’s an internet trend that says that everyone has three drinks: one for energy, one for hydration, and one for fun.


Hydration drinks are usually seltzer, a sports drink, or good old-fashioned water. Fun drinks can be anything from boba to kombucha to a refreshing fountain sprite. But the drink you choose for energy says the most about you. Are you a chill tea drinker? An alternative yerba mate devotee? A matcha-obsessed TikTok That Girl wannabe? A chaotic Red Bull chugger? Or are you a lover of the classics, a person after my own heart, who just loves a good cuppa joe?

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Over two years into the most momentous event in our lives the world has changed forever … Some of us have PTSD from being locked up at home, some are living like everything’s going to end tomorrow, and the rest of us are merely trying to get by. When the pandemic hit we entered a perpetual state of vulnerability, but now we’re supposed to return to normal and just get on with our lives.

What does that mean? Packed bars, concerts, and grocery shopping without a mask feel totally strange. We got used to having more rules over our everyday life, considering if we really had to go out or keeping Zooming from our living rooms in threadbare pajama bottoms.

The work-from-home culture changed it all. Initially, companies were skeptical about letting employees work remotely, automatically assuming work output would fall and so would the quality. To the contrary, since March of 2020 productivity has risen by 47%, which says it all. Employees can work from home and still deliver results.

There are a number of reasons why everyone loves the work from home culture. We gained hours weekly that were wasted on public transport, people saved a ton of money, and could work from anywhere in the world. Then there were the obvious reasons like wearing sweats or loungewear all week long and having your pets close by. Come on, whose cat hasn’t done a tap dance on your keyboard in the middle of that All Hands Call!

Working from home grants the freedom to decorate your ‘office’ any way you want. But then people needed a change of environment. Companies began requesting their employees' RTO, thus generating the Hybrid Work Model — a blend of in-person and virtual work arrangements. Prior to 2020, about 20% of employees worked from home, but in the midst of the pandemic, it exploded to around 70%.

Although the number of people working from home increased and people enjoyed their flexibility, politicians started calling for a harder RTW policy. President Joe Biden urges us with, “It’s time for Americans to get back to work and fill our great downtowns again.”

While Boris Johnson said, “Mother Nature does not like working from home.'' It wasn’t surprising that politicians wanted people back at their desks due to the financial impact of working from the office. According to a report in the BBC, US workers spent between $2,000 - $5,000 each year on transport to work before the pandemic.

That’s where the problem lies. The majority of us stopped planning for public transport, takeaway coffee, and fresh work-appropriate outfits. We must reconsider these things now, and our wallets are paying

the price. Gas costs are at an all-time high, making public transport increase their fees; food and clothes are all on a steep incline. A simple iced latte from Dunkin’ went from $3.70 to $3.99 (which doesn’t seem like much but 2-3 coffees a day with the extra flavors and shots add up to a lot), while sandwiches soared by 14% and salads by 11%.

This contributes to the pressure employees feel about heading into the office. Remote work may have begun as a safety measure, but it’s now a savings measure for employees around the world.

Bloomberg are offering its US staff a $75 daily commuting stipend that they can spend however they want. And other companies are doing the best they can. This still lends credence to ‘the great resignation.’ Initially starting with the retail, food service, and hospitality sectors which were hard hit during the pandemic, it has since spread to other industries. By September 2021, the US Bureau of Labor Statistics reported 4.4 million resignations.

That’s where the most critical question lies…work from home, work from the office or stick to this new hybrid world culture?

Borris Johnson thinks, “We need to get back into the habit of getting into the office.” Because his experience of working from home “is you spend an awful lot of time making another cup of coffee and then, you know, getting up, walking very slowly to the fridge, hacking off a small piece of cheese, then walking very slowly back to your laptop and then forgetting what it was you’re doing.”

While New York City Mayor Eric Adams says you “can't stay home in your pajamas all day."

In the end, does it really matter where we work if efficiency and productivity are great? We’ve proven that companies can trust us to achieve the same results — or better! — and on time with this hybrid model. Employees can be more flexible, which boosts satisfaction, improves both productivity and retention, and improves diversity in the workplace because corporations can hire through the US and indeed all over the world.

We’ve seen companies make this work in many ways, through virtual lunches, breakout rooms, paint and prosecco parties, and — the most popular — trivia nights.

As much as we strive for normalcy, the last two years cannot simply be erased. So instead of wiping out this era, it's time to embrace the change and find the right world culture for you.

What would get you into the office? Free lunch? A gym membership? Permission to hang out with your dog? Some employers are trying just that.

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