6 tips for first-time CD shoppers

What first-time CD investors face
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What first-time CD investors face

Whether you're just setting out on your path to saving or are nearing retirement, a bank certificate of deposit, or CD, can give you a fixed interest rate typically higher than that of a traditional savings account or money market account. From three months to five years, the wide range of terms for bank certificates of deposit gives you plenty of options.

High interest rates and Federal Deposit Insurance Corp. insurance are obviously important when searching for a new CD, but you need to consider other crucial factors.

As you begin your search, remember these six tips.




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