Rich Girl Roundup: Should I Put My Money in CDs?
The Money with Katie Show
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The Benefits of a CD for Long Term Strategy
A certificate of deposit or a CD is effectively this financial instrument where you give your money to a bank. Typically it's six months or 12 months or even 18 months, five years. You get a set rate of return that is typically higher than what you can get in a savings account. The trade off is that you can't touch the money. Well, it's locked up, but you know what that money is going to get for you in the form of a yield.
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