Question

Whats type of account has a fixed interest rate, a term and a fixed date of
withdrawal? *

Answer 1

A CD, or certificate of deposit, is a type of savings account with a fixed interest rate that's usually higher than a regular savings account, a fixed term length and a fixed date of withdrawal, known as the maturity date. You lock up funds in a CD for a term generally between three months and five years.

Explanation: