What is a Certificate of Deposit?
Posted On: September 8, 2022 by Prevail Bank in: Banking / Money Management
What is a Certificate of Deposit?
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Maybe you've heard of a Certificate of Deposit (CD). But you're asking yourself, what is a Certificate of Deposit (CD)? Is it a savings account, a checking account, or something else? We're here to explain and help you decide if a Certificate of Deposit is the right account for you.
A CD, like a savings account is a low-risk savings tool, but with several differences. These differences between a CD and a checking and savings account are:
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