If a certificate of deposit sounds like something that could do wonders for your financial plan, you’ve come to the right place. But more than that, a CD is designed to increase your savings because regardless of what the market does, money you put into a certificate of deposit grows thanks to its superpower: interest. In a nutshell, it is a deposit account with a set term, typically running anywhere from three months to 10 years. Are you on the hunt for a secure way to grow your money? Although it may not be on your radar, consider the benefits of a Certificate of Deposit (CD).
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