Certificate of deposits are a popular alternative to savings account. They not only provide a better rate of return but are also less risky. Traditional CDs can be cashed in only after the maturity date in order to avoid high penalties. Liquid CDs come in use in these cases where you want to have access to your money as well as earn higher returns.  Liquid CDs are also known as “no penalty” …

Traditional CDs are a very popular choice compared to the savings account as they provide a better rate of interest and since they are FDIC insured but the biggest disadvantage is that it cannot be liquidated before the date of maturity without paying the hefty penalty. About liquid CDs: Liquid CDs work just like other CDs but offers access to your money.  A liquid CD is also a certificate of deposit that …

There are innumerable types of certificates of deposit. Based on ones requirements one can decide on a particular type of CD considering  the return options ,relative risks involved and the quantity of principle investment. Traditional CD’s offer returns on the maturation of the CD. The investment is not liquid and the investor does not have the discretion to terminate the CD before maturation Without incurring hefty penalties. The liquid CD has a …