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What Is A Certificate Of Deposit? - A Beginner's Guide

What Is A Certificate Of Deposit? – A Beginner’s Guide

March 22, 2025 //  by Chime N.U

A certificate of deposit is a type of savings account, which generates an interest rate higher than the national average of 0.41% interest rates of traditional savings accounts. Most American banks will have you sign a contract not to pull your savings out of this account, while it is accumulating interest until the end of …

What Is A Certificate Of Deposit? – A Beginner’s GuideRead More

Category: BANKING BASICSTag: How CD works

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The content on WeeklyBagel is for informational and educational purposes only. It is not intended to substitute the financial and investment advice of a trained financial professional. This is an independent personal finance blog with articles written by Chime NU, which simplifies personal finance for young working class adults.

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