Certificate of Deposit

Certificate of Deposit is a savings account.

• True

• False

With a certificate of deposit, you can get interests if you deposit your money for

• a day

• a week

• a fixed amount of time

With the certificate of deposit, you get less interest than a regular savings account.

• True

• False

What is the minimum amount of open up a certificate of deposit?

• $100,00

• $1000,00

• Usually, it doesn't have minimum amount.

Usually, the certificate of deposit is better for

• Short term goals

• Long term goals