Question

A certificate of deposit is best for

money you want to put aside for a few months or years
money you may need at a moment's notice
retirement investing
storing mortgage payments

Answer 1

money you want to put aside for a few months or years

Step-by-step explanation:

Answer 2

A certificate of deposit is best for "money you want to put aside for a few moths or years".

Step-by-step explanation:

• Certificate of deposit pays higher interest when a lump sum of money is left in the bank for few months or years.
• The money should be untouched for agreed number of years or months. It varies from bank to bank.
• Even credit union has the option to provide certificate of deposit
• The interest rate will be higher than the regular savings scheme
• You can trust and invest since there is a return guarantee
• It does not lose value unless you break the agreement