When it comes back, it will be bigger, with more to enjoy. The true beauty of CODs, as with all investments, is the potential for compound growth. Say your certificate of deposit account only makes a few thousand dollars in its first few years. This amount is added to the capital already invested in the certificate of deposit, and it also starts to accrue interest. This means that the longer you save, the faster your money grows (Investopedia 2009). When that bigger pile of saved and working money comes back to you after your certificate of deposit matures, you could simply turn around and invest in another. or, mire than likely, the economic situation will have made a turn for the better in the next several years, and the money you have saved and earned can be used to reinvest in even more lucrative ventures, ensuring a nice home in the near future and financial security -- as much as that can be had -- for the rest of your life.

It all starts by heading to your local bank and asking to open a certificate of deposit account, or even simply asking for a brochure detailing basic plans (interest rates change often enough that they probably aren't on printed material). The bank advisers there would be more than happy to assist you in opening such an account, and you can begin securing your financial future today. Finding a job might still be difficult, but knowing what to do with the money once you've earned it is easy: take it to the bank and open a certificate of deposit account. Saving might come hard at first, as this country isn't really used to the idea, but in a few years you will be immensely grateful to have that money safe and working for you in a COD with your trusted local -- or online -- banking institution.

References

Gascon, C. (2009). "The Current Recession: How Bad is it?" Accessed 10 October 2009. http://docs.google.com/gview?a=v&q=cache:vTYDiBvJ57YJ:research.stlouisfed.org/publications/es/09/ES0904.pdf+current+recession&hl=en&gl=us&sig=AFQjCNG25H70RW2vDb4lrUUuhEsGUbXYoQ

(2009). "Certificates of Deposit." Accessed 10 October 2009. http://www.investopedia.com/terms/c/certificateofdeposit.asp
Kennon, J. (2009). "In this Corner: Money Market vs. Certificate of Deposit." Accessed 10 October 2009. http://beginnersinvest.about.com/cs/banking/a/062501a.htm

McKay, B. (2009). "A Quick Look at Recent Economic Numbers." Accessed 10 October 2009. http://www.monitorbankrates.com/home/a-quick-look-at-recent-economic-numbers-4596

Rugbaer, C. (2009). "Job competition toughest since recession began." Accessed 10 October 2009. http://news.yahoo.com/s/ap/20091009/ap_on_bi_ge/us_job_openings

Outline

Introduction: Attention

I. If you aren't incredibly wealthy or incredibly poor, than the current recession has almost certainly affected you.

II. The current recession is the longest since the Great Depression, making times very uncertain.

III. Unless you have a team f professionals working for you, pay attention.

Body I: Need

I. The job market is the worst since the recession began

II. The housing market has also caused massive financial problem, making saving hard

III. Different investment strategies are needed

Body II: Satisfaction

I. Certificates of deposit are both guaranteed and insured

II. They present a safe and secure way to save your money

Body III: Visualization I

I. Stocks and bonds might usually grow faster, but they're also riskier

II. CODs also force you to save

Body IV: Visualization II

I. Compound growth allows for faster savings/earning

II. Reinvestment in more lucrative and secure investment later speeds the process up

Conclusion: Call to Action

I. Go get a COD

II. It will pay off soon