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
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