A savings account is a deposit account made in a bank or a financial institution, geared towards providing, principal security and modest interest rate. Funds from a savings account may be retrieved though some types of accounts may charge huge penalties if money is withdrawn too early or at many intervals. Hence, student savings accountmay be referred to as deposit …

As far as saving goes, we are all aware that CD (Certificate of Deposits) can offer better terms than regular bank savings. What makes CD’s so much better than having regular bank account and saving by just taking what is being offered by bank? To explain all this using simple words – your money is left in a bank and …