Are Royal Bank of Scotland Certificates of Deposit a good way to generate passive income?
Good question.
If you deposit $100,000 in a Royal Bank of Scotland certificate of deposit for 60 months you will earn 0.50% interest. That is a very low return you are accepting.
I never use certificates of deposit to generate passive income. I use them as simple collateral for loans. The only really useful thing a CD can be used for is as collateral to help you obtain a loan partially secured by the CD. The idea of earning passive income from a CD is technically possible but anyone with knowledge of finance in 5 minutes can find a higher return easily than a bank CD.
But as far as passive income they are not something that can generate you a good return for passive income investing. You will do better if you look at corporate income bonds of privately held companies to generate passive income.
If you would like to learn more about investing for passive income, just register for my free weekly training at the link below:
https://www.meetup.com/benjamin-z-millers-investor-networking-group/
I hope that helps and good luck with your investing!
Benjamin Z Miller
www.benjaminzmiller.com
Benjamin Z Miller
ben@benjaminzmiller.com
1-817-203-4160
www.benjaminzmiller.com
https://www.linkedin.com/in/benmillersells/
https://twitter.com/BenjaminZMiller
-
2:27
benjaminzmiller
1 year agoAre Royal Bank of Scotland Certificates of Deposit a good way to generate passive income?
2 -
3:10
benjaminzmiller
1 year agoAre PNC Bank Certificates of Deposit a good way to generate passive income?
4 -
8:11
Mamafurfur
6 years agoInvesting for Beginners ¦ How to Start to Make Passive Income UK
2 -
3:02
jim85324
1 year agoDiscover the Secret to Financial Freedom: Simple Ways to Create Passive Income Online
6 -
15:20
FreeIncome
1 year agoPassive Income: How To Invest $100 ASAP
16 -
3:30
Augusta Precious Metals
11 months agoWhy Your Bank Deposits Do Not Belong to You [Economics Made Simple]
1 -
9:23
Cryptoleader
8 months agoThe New Passive Income Opportunity In Town 🏆 KavexBank Live Instant Withdrawal 💰 Up to 3.5% Daily
-
12:40
Mamafurfur
4 years ago7 PASSIVE INCOME IDEAS UK (that you can start TODAY)
3 -
6:57
Money Matters: Mastering Finance and Investment
6 months agoPassive Income: Your Gateway to Financial Freedom
1 -
3:35
How To Make Passive Income
2 years agoHow Do I Generate Passive Income?
18