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30 points In two or more complete sentences, discuss the advantages and disadvantages of investing in a CD versus investing in a basic savings account.
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30 points

In two or more complete sentences, discuss the advantages and disadvantages of investing in a CD versus investing in a basic savings account.

User Tim Rijavec
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8.3k points

1 Answer

4 votes
A savings account helps you save for retirement and college while a CD isn’t typically used for that. A savings account is much more beneficial because it is also an emergency fund when you need it.
User Eric Sauer
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