What is a Certificate of Deposit, and what is the difference between it and a simple savings account?
Sep 22
These accounts are more commonly known as “CD” accounts. They are insured and virtually risk-free and are similar to a savings account. But, they differ from a savings account in that they are assigned a specific ‘term.’ These terms are often three month, six month or one to five years. There is also an rate of interest assigned to the account. The...
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