What are Certificates of Deposit? (CDs)

Описание: What’s the best way to save and grow your money? Is it to dump it all into Bitcoin and hope it hits 100k? Or maybe you should put it all into gold and silver. Or… you could do neither of those things and put it something called a certificate of deposit.

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Most people are familiar with savings accounts, or bank accounts where you can park your cash and get paid interest by a bank, usually about half a percent per year. That’s not much, but savings accounts do allow you to draw money out of them every month. However, if you’re looking for a higher rate of return, and don’t want to invest your cash in the stock market, a certificate of deposit or CD might be the right choice.

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