Question

Compare of a savings account vs cd?

Interesting Question?   (4)   (4)



Answers (1)

10th Dec 2009 by Daniel Cross, ChFC

Savings accounts in correlation to CD's come with lower interest rates but offer the highest form of liquidity. CD's on the other hand, offer higher interest rates but "locks in" the money invested for a period of time. While CD's usually come with higher interest rates, online banks may have savings accounts that match or even beat other traditional "brick and mortar" CD rates. This is due to the low overhead cost of their capital structure. Bankrate.com is a good place to search for interest rates offered on these types of products.

Like This Answer?   (0)   (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com



10th Dec 2009 In Investing 1 Answers | 554 Views
Subjects: cd, savings account,

Answer This Question / Give Your Opinion
Compare of a savings account vs cd?


Answer: *

What country is this answer relevent to? *
Your Name: *

Enter Verification Number: *


Give Your Opinion
What are the different types of TD Bank home loans?
Share a simple answer to help inform others:
Specific to any country?
First name / Alias

• Your answer will be posted here:
What are the different types of TD Bank home loans?
Ask A Question
Get opinions on what you want to know:
Specific to any country?