When it comes to savings, there are a variety of different accounts to choose from. You can open a savings account, a certificate of deposit (CD), or a money market account. So, which account should you open?
A savings account is a good option for someone who wants to save money but doesn’t need immediate access to it. The interest rate on a savings account is usually lower than on a CD or money market account, but you can access your money whenever you need it.
A CD is a good option for someone who wants to save money for …