Savings Expert Identifies Top 5 Reasons Why Certificates of Deposit Still Work

Go Banking Rates savings expert, Jennifer Calonia, highlights the leading five benefits of saving money using certificates of deposit, especially as household budgets feel the financial crunch into 2013.

EL SEGUNDO, CA, November 19, 2012Go Banking Rates continues to support certificate of deposit products as a reliable and steady way to reach savings goals for any individual’s financial circumstance.

Jennifer Calonia, Go Banking Rates financial expert, walks depositors through the five main benefits that a certificate of deposit brings, including minimizing impulsive spending.

“It may seem like locking savings into a deposit account is a bad idea,” says Ms. Calonia, “However, with so many Americans still struggling to get a starter reserve savings fund up and going, keeping money in a hands-off account like a CD poses a huge benefit to depositors who lack self-control.”

In addition to ensuring depositors commit funds toward their savings goal, Ms. Calonia explains how laddering CDs and reducing risk are key advantages of a certificate of deposit.

Click here to read the full article and full list.

Overall, CDs are a relatively simple and straightforward way to invest and save. Depositors can walk into their local bank or credit union to shop for a personal CD account.

Jennifer reports on personal finance, with a specialty in saving money, budgeting and lifestyle. She is available to comment on any of these topics and can be reached via e-mail.

About Jennifer Calonia
Jennifer Calonia is a reputed journalist covering personal finance subjects like banking, saving money and debt. Her features and helpful savings tips encourage and empower households across America to achieve financial balance.

Her work is featured in major publications like US News & World Report, Yahoo!, Yahoo! Finance, LearnVest, Business Insider, Can Do Finance and Consumerism Commentary. Jennifer’s next project, a column called “Breaking Up with Debt”, is scheduled to launch late-November 2012.

About Go Banking Rates
Go Banking Rates ( a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. Go Banking Rates collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide the most comprehensive and authentic local interest rate information. Go Banking Rates also regularly publishes expert advice from personal finance professionals. belongs to a network of more than 1500 finance websites, including and These sites receive more than 2 million visits each month.

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