If you're looking for an FDIC-insured investment with a fixed rate of return for a specific period of time, consider a certificate of deposit.
Reasons to consider:
- Your investment is insured by the FDIC—$250K per depositor per institution.
- You can rely on a fixed rate of return for a specific period of time.
- By selecting CDs with staggered maturities (laddering), you can maintain relatively stable interest income in a fluctuating interest rate market.