What is a CD or mutual fund?

A CD, or certificate of deposit, is a type of savings account offered by banks. CDs offer a fixed interest rate for a set period of time, typically from six months to five years. 

Mutual funds are investment vehicles that allow investors to pool their money together and invest in a variety of assets, such as stocks, bonds, and real estate. Mutual funds offer a variety of features, such as the ability to invest in a wide variety of assets and the ability to buy and sell shares at any time. 

Which is …