Certificate of Deposit

Archive for the ‘CD Risks’ Category

Question: What are the risks in replacing the factory radio in a ‘98 – ‘02 Accord EX?

It looks like the anti-theft system on these cars is built in to the radio. What do you lose when you replace the radio? Do you risk immobilzing the car? Do the remote door locks not work? Is there a stereo to look for that can use the steering wheel audio controls? Are there additional complications if the factory stereo has the 6-disc CD changer?

Answer: The anti-theft system built into the factory radio is only for the factory radio. If you disconnect the power to the radio, you’ll need to enter a code to make it work again when it’s re-connected. No other vehicle systems will be affected by removal of the factory radio.

There are 3rd-party adapters available to convert the factory steering wheel controls so they can be used with an after-market radio. To use the adapter, you need to pick a CD player that either has an input on the rear for a wired remote (preferred) or comes with its own wireless remote (not as good, but it will work). The adapters usually run around $70 or so, depending on where you look. http://www.crutchfield.com/S-y2YILYeisXz/cgi-bin/ProdGroup.asp?search=swi&skipvs=T&g=118900

Having a 6-disk changer doesn’t complicate anything when installing a new after-market head unit, but if it’s a separate trunk-mounted CD changer, it won’t work with the after-market deck. If you have CD’s in it, make sure you take them out before you remove the stock radio.

PS: In certain Honda CIVICs from 1996-1998, the factory keyless entry and alarm systems are integrated with the factory radio. If you replace the radio in one of these vehicles, you have to relocate the factory radio and keep it wired into the system in order to keep the factory alarm and keyless. However, this was never the case on an Accord. I think the person below me probably has a Civic.

Aleratec DVD CD Shredder XC Part # 240145

Question: Certificate Of Deposit?

define.
how it works
3 PROS & 3 CONS
risks involved
better for a long term or a short term investment?

Answer: A Certificate Of Deposit, or CD for short, is a deposit you make at a bank. The CD is not accessible funds, so once you open the CD for a certain time period, you are unable to access the funds until the term of the CD has expired. The benefit to this type of account is the interest rate provided to you is higher than most transaction accounts where the money is accessible. If you allow the interest to compound, or add back upon itself, you will earn the APY, or annual percentage yield. When you open a CD, they will give you two numbers, the rate, and the APY. You can either have the interest payed to you, or invested back into the CD, allowing you to earn the APY. CD’s are a great secure investment, and unless you are over $100,000 there is no risk of loss of your money. This type of investment is good for the shorter term, as they don’t tend to keep up with inflation, so if you are saving for retirement, these aren’t the best types of deposits. I hope this helps!

Investing & Retirement Funds : Are Certificate of Deposits a Good Investment?

Every CD has a minimum investment and risk associated with it. A CD or Certificate Of Deposit or bank CD is a loan made by a person (CD buyer or CD investor) or an institution to the bank that issues the CD. The minimum investment of a CD is very low compared to other types of investments such as stocks, bonds and mutual funds. However, the minimum investment for a Money Market fund is even lower than the minimum investment of a CD. The risk of investing in a CD is also very low compared to other investments. 

Lowering the risk of investing in a CD

The risk of investing in a CD can be lowered in your portfolio. There are certain CD investing techniques that will help you build a portfolio of CDs that are almost risk free. You can diversify your CD portfolio just as you would a bond portfolio or a stock portfolio. You will lower the risk of your CD portfolio is you invest in certificates of deposit from different institutions.

How much CD should you invest?

You should invest in CDs for the amount that would be fully Federal Deposit Insurance Corporation or FDIC insured in each bank. Check with the FDIC for the current amount of Federally Deposit Insurance Corporation amount. You want to keep up to date with the changes on FDIC rules to ensure that your money investing in certificates of deposit is safe. 

Benefits of FDIC insurance on Certificates of deposit

When your money is FDIC insured, you know that even if the banks that issue your CDs were to default on the certificates of deposits, you will recover your money since it is the FDIC or governmental agencies that guarantee your money, not just the bank. FDIC insurance makes your money very safe and your CD portfolio much less risky.