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FDIC CONSUMER NEWS | NOVEMBER 6, 2023 |
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FDIC Consumer News - November 2023 Edition
Shopping for a Certificate of Deposit?
Consider these tips for choosing wisely, including ways to avoid scams
A bank certificate of deposit (CD) typically offers a higher rate of interest than a regular savings account, in exchange for you keeping the money for a specified term on deposit, usually from three months to five years or more. Whether you are considering buying a simple, fixed-rate CD or one with more complex features, here are tips for selecting the right CD for your financial needs and goals.
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