


A Certificate of Deposit is a low-risk, short-term investment vehicle that
lets you save for a specific time period from thirty-two days to five years.
You’ll
receive stable, secure returns on your money with FDIC insurance. When you
invest in a CD, you’ll know exactly how much money will be earned and
when you can withdraw it without penalty. The taxable interest earned will
generally be higher than that of a normal savings account. However, there
is a substantial penalty for early withdrawal.
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