Day 13 - Understanding Certificates of Deposit (CDs)

Lets take a moment to deep dive into CDs.

How to Invest in a Certificate of Deposit (CD)

You'll earn more in a longer-term CD, but be sure you won't need the money before the term is up -- the penalties for early withdrawal can be severe. Compare CD rates at Bankrate. Also see if you'd be better off with a high-yield online savings account.

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