How to choose between a savings account, money market account, and CD

Quick Summary:

A savings account, money market account, and CD are three tools for saving money.

A certificate of deposit is another type of savings tool, but it works differently than a savings or money market account.

You'll earn interest on a CD, and unlike with a savings or money market account, that rate won't change while the account is open.

Read Quick SummarySave Time

or

Article Details

Category: Economy

Markets: United StatesIndia

Topics: High-Yield Savings Savings Account Capital One Emergency fund Discover Bank Personal Finance Insider Money Market Account First Internet Bank of Indiana Bask Bank Cit bank Sallie Mae PFI Bankrate TOC-jump-to PFI Reference Certificate of Deposit DFP Pfi TAB Bank Banking PFI-XAMP Even Financial CFG Bank Personal Finance CD Synchrony Ally

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-12-02 @ 17:33:49 (3 months ago)

News Timezone: GMT -5:00

News Source URL: businessinsider.com

Language: English

Article Length: 1101 words

Reading Time: 7 minutes read

Sentences: 119 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Insider

News ID: 2103803

View Article Analysis

About Business Insider

Main Topics: EconomyBusiness

Official Website: businessinsider.com

Update Frequency: 107 posts per day

Year Established: 2007

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #64

Publisher Details

Frequently Asked Questions