Found at: http://www.ccb.ai/article/articleprint/11/-1/2/ |
Certificates of Deposit |
CDs offer higher rates of interest.
Why CDs? CDs offer a fixed savings plan over a longer period with a higher rate of interest. You can also borrow funds against your CD and have the options of monthly, quarterly, semi-annually or annual interest payments.
Invest a fixed sum of money and earn greater returns on your cash over a period of time with a Certificate of Deposit.
You can choose to have the interest paid into your Checking/Savings account or you can keep the interest within the Certificate of Deposit so that you can earn interest on your interest.
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