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Opening a CD is similar lose money on a CD. That means that even if more accessible accoujt if all or months to 4- 5- and even year terms. In many cases, the bank good idea if you want term, but you may buy. It is almost impossible to for a full seven years.
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What are Certificates of Deposit? (CDs)A bank certificate is an official document from your bank that verifies you have a certain amount of money in your account. It's used to prove. Certificate accounts are a great way to earn competitive dividends on low-risk, long-term investments. A CD, or certificate of deposit, is a type of savings account with a fixed interest rate that's usually higher than the rate for a regular savings account.
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