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Anonymous asked in Business & FinanceInvesting · 2 months ago

Which gives more interest: savings account, money market, or CD?

If I go to a bank, what will give me the most interest? Savings, Money Market, or CDs (Certificate of Deposits)?

6 Answers

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  • Anonymous
    2 months ago

    CD but rigth now 2% is aroudn the best you will do (thats not much).

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  • 2 months ago

    In investing you generally get paid for a) taking risk, b) giving up liquidity (the ease of liquidating an investment without drawback).   Savings are very liquid, Money Markets pretty liquid and CD's not all that liquid.  So in general CD's. 

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  • 2 months ago

    That will depend on the rates they are paying at the time.

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  • 2 months ago

    Usually a CD because it ties up your cash for a longer timeframe.

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  • Anonymous
    2 months ago

    Typically a CD because your money is locked up for the term. Money markets are next because you can only make a limited number of withdrawals in a given time, but you have the ability to add cash along the way. Savings accounts pay essentially zero.

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  • Anonymous
    2 months ago

    Depends on a variety of factors including the amount of money and the length of time you're willing to tie it up for.

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