U.S. Markets closed

3 Drawbacks of Keeping Your Money in a CD

·4 min read
3 Drawbacks of Keeping Your Money in a CD

If you have some money you don't expect to use for a while but aren't ready to invest, you may be wondering whether to put it into a savings account or a CD. CDs usually pay higher interest rates than savings accounts, so if you're going to keep your money tucked away in the bank, you might as well earn a little extra on it. When you put money into a savings account, you can access your cash at any time and remove as much money as you'd like.