Robert C. Henderson, President, Lansdowne Wealth Management
@RobertCHenderson
CD's will almost always pay you more interest than a savings account (other than some "teaser rates" you may find at some banks to open savings accounts).
But your best bet is to just shop around for rates in your area and online.
Charles J. Stevens, Principal, evergreen financial, LLC
@CharlesStevens
A savings account allows you to access your interest earning balance at any time. A certificate of deposit (CD) pays you a specific return on your deposit on a certain date. The majority of CD's limit your access to your deposit until the date of maturity and charge large fees for accessing your funds even in an emergency. The trade off is CD's pay a slightly higher interest rate the conventional savings accounts.
Francisco Ramirez, President, Insuringmyself.com LLC
@FranciscoRamirez
If you're planning on sitting on funds for more than seven years then you should seriously look at fixed annuities. There are several out there with interest rates that are higher than most CDs plus bonuses to get you started. Make sure you understand any early withdrawal penalties on ALL types of products that you are considering.
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