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.
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