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30 points In two or more complete sentences, discuss the advantages and disadvantages of investing in a CD versus investing in a basic savings account.

30 points In two or more complete sentences, discuss the advantages and disadvantages of investing in a CD versus investing in a basic savings account.
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5 votes
30 points

In two or more complete sentences, discuss the advantages and disadvantages of investing in a CD versus investing in a basic savings account.

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User Tim Rijavec
by
8.3k points

1 Answer

4 votes
A savings account helps you save for retirement and college while a CD isn’t typically used for that. A savings account is much more beneficial because it is also an emergency fund when you need it.
answered
User Eric Sauer
by
7.9k points
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