Startup Idea: CD Investment Tracking Software

Startup idea to develop a software that tracks and compares Certificate of Deposits (CDs) from various banks and credit unions. It will help investors to better decide their investment options by providing up-to-date and complete information about the rates of return and promotional offers.

I invest money from time to time and I'd love to recommend CDs (certificate of deposits) to people and yet there is no software I'm aware of that tracks CDs from various credit unions and banks either online or brick and mortar locally or promotions these place offer. People need to know that excess money sitting in banks is lost money due to inflation. The inflation rate of the last period was 2.7%, so money in savings accounts is actually losing you money.

A good CD will get you at least 2.75 or 3% rate of return with the longer you put it in savings the more you get out of it and any money above the inflation rate is money earned. Comparing places would help people better decide their investment options to make a better choice in where to save their money in a no-risk investment plan. I've done some searching manually but information is often out of date and incomplete.

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