Peer-to-Peer Lending vs. Certificates of Deposit: A Comparative Analysis

We’ve previously explored different ways to boost your income, so now let’s shift gears and focus on saving and investing. Personally, I’ve been putting my money into Certificates of Deposit (CDs) for quite some time. The main reason is that it keeps me from dipping into those funds for impulse buys. That’s why I added a savings section on this site—otherwise, all the money I intended to save would have likely been spent by now.

WHY CDs WORK FOR ME

Diversifying investments is key, and for me, CDs play an essential part in that mix. While some argue that the returns on CDs just barely beat inflation—which isn’t entirely wrong—for those like me who invest small amounts as a secure savings method, CDs are incredibly useful. They’re a great way to ensure your money stays put, which, in my view, is their greatest benefit.