CDs: A Safe and Secure Way to Grow Your Savings
A Certificate of Deposit (CD) is a low-risk savings option that allows you to earn a fixed interest rate over a specific term. Unlike traditional savings accounts, CDs require you to keep your money locked in for a set period, typically ranging from 3 months to 5 years.
The biggest benefit of CDs is predictable growth with no market risk—you know exactly how much you’ll earn by the end of the term. While they may not offer high returns like stocks, CDs are a great option for those who want stability and guaranteed earnings. If you’re looking for a secure way to grow your savings, CDs can be an excellent addition to your financial portfolio.