A CD savings secured loan is a loan that is secured by a certificate of deposit (CD). The CD serves as collateral for the loan, and the money that is borrowed can be used for any purpose.
The interest rate on a CD savings secured loan is generally lower than the interest rate on other types of loans. This is because the CD serves as collateral for the loan, and the lender is taking less risk.
One of the benefits of a CD savings secured loan is that the interest rate is fixed. This means that the borrower knows exactly …