There are some things to consider, however, before opening up a CD, as the terms of the agreement are specific. Like a traditional savings account, they are a safe investment established through a bank or credit union, but generally CDs have higher interest rates - currently more than 4% - allowing you to make more on your return. Any product recommendations on GOBankingRates are independent and based on research and product testing.ĬDs, also known as certificates of deposit, are a great way to capitalize on your savings potential.
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