Certificates of Deposits or CDs, with returns tied to the stock market, can be offered by banks. Or in forms tied to variable life insurance annuities.
Investment instruments of this kind are complicated for the average investor to understand.
If you want simplicity without headaches, you are always better off with plain-vanilla investments. Forget about the sharp-pencil boys who come up with the complicated varieties. If you want stocks or bonds buy them. If you prefer CDs, choose them. Avoid indexed CDs and other convoluted financial instruments even in annuities, unless you really understand them. ( See the Earl J Weinreb NewsHole® comments.)
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