You’ve probably heard of a Certificate of Deposit or CD before. They are issued by banks and they have guaranteed interest rates. They allow you to earn a fixed interest rate on your money. Sounds a lot like these specially designed and engineered whole life policies, doesn’t it?

Wrong!

Here’s the truth

CDs used to be popular in the 80s, 90s, 2000s, and they even still have popularity today because of the guarantee they provide. Many people don’t like taking risks with their money and there are very few alternatives people can put their money and earn guaranteed interest. And a CD just happens to be one of the most well-known options for earning guaranteed interest on your money. 

So, you could, in theory, go to your bank and get a CD, where the bank will insult you with the measly interest rate they’re going to pay you in most cases. But most people take this road because they don’t know there’s any other option available.

But there are other options

And they come in the form of these specially designed and engineered whole life policies. Like these CDs, banking policies also have guarantees, but they are typically much higher than what you would get in a Certificate of Deposit. 

It’s also important to note that with the little interest you make with a CD, you’re taxed on that interest. Infinite Banking policies are tax deferred and potentially tax-free if built properly. 

Also, with CDs, if something were to happen to you, your Certificate of Deposit would be subject to probate. Your IBC policy is probate free. It pays directly to your beneficiaries.

And don’t you want your money to at least keep pace with inflation, if not beat it? Otherwise, you’re losing money every single year to that hidden tax called inflation. So when you’re looking at the interest rate on these CDs, make sure to ask yourself “Does this beat inflation?” If it doesn’t, you might want to consider a banking policy instead, because they do.

So, which would you prefer, a CD or a banking policy?

The answer is clear. But the main takeaway in sharing this with you is to make sure you know you do have options when it comes to your money. 

To start this New Year off right, and take back control of your money and your future, email us at [email protected] to get started with your banking policy.

And don’t forget to send your loved ones to www.TheMoneyMultiplier.com/member-area so they can start the year off right, too!

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