Question

Which is a benefit of saving your money in a CD certification of deposits? Choose all that apply 1 point

a. higher APY than a traditional savings account.
b. money is insured in the FDIC financial institution.
c. The longer is the trim of the CD, the higher, the interest.
d. all the answers are benefits.

Answer 1

a. higher APY than a traditional savings account. b. money is insured in the FDIC financial institution.
Both options a and b are benefits of saving money in a CD (Certificate of Deposit). Option c is not entirely accurate since the interest rate of a CD depends on the term or duration of the CD, but it does not necessarily increase with a longer term. Therefore, the correct answer is:
d. options a and b.