What Is A Certificate Of Deposit

What Is A Certificate Of Deposit A certificate of deposit, or CD, is a great savings option, particularly for people who are risk adverse. A CD pays a higher interest rate than a regular savings account and they can be federally insured like a regular savings account. The term length varies and you get to choose how long a term you want, the term can range from three months up to 20 years. Basically the longer the term is the higher the interest rate. The problem with having a long term

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