Forget High Yield CDs, they only offer up 1% at best for a year. Go with our dividend stock picks. Fellow Masters, the best 'high yield CD' you can buy will only give you 1 to 1.2% yield that locks your money away for an entire year.
We would rather buy a high yield dividend stocks that pay a 8% to %13 dividend yield plus whatever the stock gains in 2012. Making the cut are New York Mortgage Trust, Inc. (NYMT), CenturyLink, Inc. (CTL) and Vale (VALE).
Source: TheStockMasters.com
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