Condominium associations and HOAs often amass sizeable amounts of cash in their Reserve Funds. The Board is charged with safeguarding those assets and investing only in conservative vehicles. The Certificate of Deposit, better known as a CD, has long been the instrument of choice for investing association funds. The interest on the money is desirable to your association, but what if something unexpected happens and your association needs that money now? Read the entire article……………………………….
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