Which of the Following Are Reasons for Putting Money into a CD

question 32

Multiple Choice

Which of the following are reasons for putting money into a CD (certificate of deposit) ?

• A)To earn a higher rate of interest on your savings than would typically be earned if savings were placed in one's checking account or standard savings account
• B)To establish a solid savings foundation if you are not going to use the money for a longer period of time
• C)To have a safe place to store savings while still being able to make frequent withdrawals from the account penalty-free
• D)Both to earn more interest and to put money you don't plan to use in the short-term to work