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Is a savings account like a CD?

In Banking - Savings Accounts - Asked by Admin - 14 months ago

No, savings accounts have lower interest rates but are more liquid than a CD. If you may need to access this money you should keep it in a savings account otherwise another investment option may be a good idea.

Answered by Admin - 14 months ago


Tags: banking, banks, savings accounts, is a savings account like a cd?

Related Questions


What effects the interest on a savings account?

In Banking - Savings Accounts - Asked by Admin - 14 months ago

How is interest accrued for savings accounts?

In Banking - Savings Accounts - Asked by Admin - 14 months ago

What is a listed stock?

In Investments - Stocks - Asked by Admin - 15 months ago

Savings accounts are a great way to save money or show your kid how to save money for the future. Spending money is easy, but saving it and making it grow is hard. It almost seems like spending money is in everyone's DNA these days. If you have a savings account question like, "is a savings account like a cd?" for example or another banking question ask us at Zuuply.com and we will answer it.



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