Are Cd Accounts Worth It?
Cd accounts, or certificate of deposit accounts, are a type of savings account that offer a relatively high interest rate in return for locking your money in for a fixed period of time. They can be a great way to save money for a specific goal, like a down payment on a house or a new car.
However, before you open a cd account, it’s important to weigh the pros and cons and decide if it’s the right choice for you. Here are some things to consider:
1. The interest rate on a cd account …