Question

what are the advantages of having a certificate of deposit (cd) account?
no interest rates and no returns
limited access to funds and high risk
lower interest rates and uncertain returns
higher interest rates and guaranteed returns

Explanation:

A certificate of deposit (CD) is a time - deposit with a bank. It typically offers higher interest rates compared to regular savings accounts because the depositor agrees to leave the money untouched for a fixed period. Also, the returns are guaranteed as long as the bank doesn't fail. The other options list disadvantages or false statements about CDs.

Answer:

D. Higher interest rates and guaranteed returns