CDs, otherwise known as certificates of deposit, are a variable length guaranteed investment vehicle. When you buy a CD, your money is tied up for a fixed period of time. In exchange for this, the seller of the CD, usually a bank, agrees to pay you a certain interest rate …
There are a great deal of financial acronyms and terms that are commonly thrown around when discussing money and investments. Whether it’s APY, IRA, or IPO, for those of us not used to reading about finance it can be fairly confusing. I would hate for you to accidentally donate to …
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