While a certificate of deposit (CD) is another form of savings account offered by most financial institutions, it operates in a very different fashion from classic accounts or money market accounts (MMAs).Read more
Featured Banking FAQ:
More Banking FAQs
- What is a certificate of deposit (CD)?
- What is a money market account (MMA)?
- What is a traditional savings account?
- What is the difference between fixed and liquid investments?
- What is the difference between compound and annual interest?
- What is FDIC insurance?
- What is the FDIC?
- What is an annual percentage yield (APY)?
- What is the Prime Rate?
- How are interest rates determined?
- What is interest and why do banks pay it?
- What is overdraft protection?
- What is the Federal Reserve?
- How should I choose the right bank?
- What is the National Credit Union Administration?
- What should I know about credit unions?
- What is online bill pay?
- What are some basic online banking terms?
- What is different about managing an account online?
- How can I safegaurd personal identification numbers and passwords?
- What should I know about online-only banks?
- What are some benefits of banking online?
- How important is security for online bank accounts?
- Should I be concerned about online security?
- What is the best way to open an online bank account?
- What are the best online banking solutions?
- Is online banking the right choice?
- What are Internet-only banking accounts?
- What is online or electronic banking?