what are the advantages of having a certificate of deposit (cd) account?\nno interest rates and no…

what are the advantages of having a certificate of deposit (cd) account?\nno interest rates and no returns\nlimited access to funds and high risk\nlower interest rates and uncertain returns\nhigher interest rates and guaranteed returns

what are the advantages of having a certificate of deposit (cd) account?\nno interest rates and no returns\nlimited access to funds and high risk\nlower interest rates and uncertain returns\nhigher interest rates and guaranteed returns

Answer

Brief Explanations:

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