Understanding Certificate Of Deposit Better
If you are confused between CDs and Money Market then there are few factors to consider : Time of Deposit: This is about planning your need for part or full cash requirements. Since there is no liquidity in CDs, one must plan about the length of the deposit. For example, it can be one deposit $25000 over 5 years or 5 deposits $5000 with returns in the 1 st year, 2 nd year etc.
Read More