http://www.debts.org/index.php en info@debts.org Copyright 2008 2008-12-01T15:28:00+00:00 http://www.debts.org/11/index/certificates_of_deposit_cds/ http://www.debts.org/11/index/certificates_of_deposit_cds/#When:08:19:01Z CD – What are Certificates of Deposit?Certificate of Deposits are popular with savers because they offer a higher annual percentage yield (APY) than a traditional savings account. An APY is how savers assess which account will earn the most interest on their deposit. CDs or Savings Account?Banks award higher APY to CDs than a traditional savings account based on the assumption you will stay with them for the long haul.  If you aren’t planning on saving on the long term you should consider an alternative saving scheme – accessing money tied up in a CD before it matures will incur a penalty. Certificates of Deposit (CDs) 2008-07-16T08:19:01+00:00