Savings Account or Certificate of Deposit (CD)

Once you get in the habit of saving money each month, the next question is where exactly to you put the money you are saving?

The obvious choices are to keep it in cash in your piggy bank at home or put it in a bank account.

Well here is a secret… Instead of keeping your cash stashed in your piggy bank, you might as well have the bank PAY YOU INTEREST on your savings balance.

Consider the following quote from Albert Einstein…

The bank will give you several options that pay you interest. Generally the quick options are to open a Savings Account or to put your cash in a Certificate of Deposit (CD).

Click on the image below to learn the pros and cons of each.

A short Pop Quiz follows below the article.


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