Besides saving accounts, bank also sells certificates of deposit (CDs). Certificates of deposit are form of short-term investment that offers a high degree of safety and negotiability. The certificate of deposit is one of the most popular money market instruments. The advantages of a certificate of deposit are a higher interest rate than regular savings accounts. The interest rates on CDs vary from bank to bank. Bank rates also vary widely over time depending on economic conditions. CD Rates are easily accessible on the internet. You can go to www.monitorbankrates.com to read more about certificates of deposit and get CD rates information in your area.
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