Eli5 how do investment cds work
In: 7
broken waaaaaaaay down, you’re giving the government a loan for a set amount of time, and they pay you back with interest.
its an federal investment saving fund where you put in a certain amount of money, say 1,000$ , and have to leave it for a specified duration, say 5 years, and then you will get back the money with interest. this interest is higher than say a bank, but you cannot access the money during that time without incurring penalties
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