When it comes to saving money, there are a variety of different options to choose from. Two of the most common are no penalty certificates of deposit (CDs) and savings accounts. Both have their pros and cons, so it can be difficult to decide which is the best option for you.
No penalty CDs have a number of advantages over savings accounts. First, they tend to offer higher interest rates. This means that your money will grow at a faster rate in a no penalty CD than in a savings account. Second, no penalty CDs are more liquid than savings …