What are the advantages and disadvantages to a certificate of deposit 2024?
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Works at the International Development Association, Lives in Washington, D.C., USA.
The Federal Deposit Insurance Corporation (FDIC) insures deposits at member banks like Ally Bank up to the maximum amount allowed by the law. Another advantage of CDs is that they often offer fixed rates for fixed terms. ... CDs earn steady interest often at a higher rate than most regular savings accounts.
2023-05-10 10:14:46
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The Federal Deposit Insurance Corporation (FDIC) insures deposits at member banks like Ally Bank up to the maximum amount allowed by the law. Another advantage of CDs is that they often offer fixed rates for fixed terms. ... CDs earn steady interest often at a higher rate than most regular savings accounts.