The Index Powered® CD is now available from community banks in all 50 states.
February 2009 marks the 7th anniversary of 84 consecutive months of issue for IPCDs. There has been over $300 million in deposits issued by over 100 banks in the US since its inception.
Dollar cost averaging is a well-known term in investing. It is the concept of buying an investment like an IPCD at different times of the year on a consistent basis to average your purchase price. "IRA's are a great use of this concept since investments can be made periodically" says Patrick McGee, President of IPCD, Inc.
Returns on the CDs maturing in 2008 reached a high of 54% for over a 9% apy. Customer interest in these deposits is very strong.
Many have read of the scandals that have hit the mutual fund industry. An IPCD can be a perfect alternative to a mutual fund investment. The IPCD has no commissions or fees of any kind. The return is based on an unbiased formula of the closing values of the S & P 500® Index. There can be no "after hours trading" or manipulation of this formula
We don't know what the stock market returns will bring in the future, but we can count on a fair return in a rising market and a guarantee of return of principal if the market falls. Look to your local financial institution for that "peace of mind" in an IPCD.Every month we continue to add banks who are offering the IPCD. To find the banks currently selling IPCDs, go to the "Participating Banks" section of the web site.
