Certificates of Deposit
Investing with Mike Bock
A Certificate of Deposit is a savings certificate entitling the bearer to receive interest.
Advantages:
Offered at fixed or variable rates
They earn interest at higher rates than savings accounts
You can get no penalty CD'sThey are very stable investments
Disadvantages:
There can be early withdrawal penalties
Low return
- This investment has very low risk, but it is not risk free.