Saving accounts and CDs are both types of savings vehicles meant to help you save money. They have different features, so which is right for you depends on your needs.
A saving account is a basic account that typically offers a lower interest rate than a CD. It is easy to open and withdraw money from, which makes it a good option for those who need access to their funds quickly. Saving accounts may also offer a variety of features, such as the ability to set up automatic transfers or to earn rewards points.
A CD, or certificate of deposit, …