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Economics - Financial Markets
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OpenStudy (anonymous):
Why are rates on CD's higher than those on savings accounts?
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OpenStudy (paki):
With a CD, you agree to let a bank invest a specific amount of your money however they wish, for a specific amount of time. And here's the catch: you also agree that you won't withdraw any part of your CD during the CD's term.... AND saving accounts are like typical saving accounts...
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