How Best to Invest Money in the Bank

Video Transcript

"This is financial adviser, Patrick Munro, talking about How to Vest Invest Money in the Bank. When an individual goes to a bank and they're looking to invest money, the first place that they would look is a Certificate of Deposit. A Certificate of Deposit is just that, you place money with the bank, and after a period of time has elapsed, they'll return that money to you, plus a rate of interest. This is normally the best way to invest with a bank, because the money is FDIC insured, which stands for Federal Depository Insurance Corporation. It's like insuring that you will get your money back. This is unlike investments in the bank that are now offered with deregulation. The banks can now sell you stocks, and variable investments. These investments do not have the area of security that the FDIC investments do have. So on balance, the best place to invest, when you're with a bank, is with FDIC insured investments going forward. This is Patrick Munro, financial adviser, talking about the best way to invest in a bank."