Cash & Savings
CDs: paid to promise you'll wait
A certificate of deposit is a savings account with a handcuff. You agree to leave the money alone for a set term — six months, a year, five years — and the bank locks in a rate.
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A certificate of deposit is a savings account with a handcuff. You agree to leave the money alone for a set term — six months, a year, five years — and the bank locks in a rate.