what are the major differences between a cd and a high yield savings? select all correct options. a cd makes…

what are the major differences between a cd and a high yield savings? select all correct options. a cd makes money inaccessible for a pre - determined period of time. a high yield savings must commit a sum of money up front. a cd does not allow for regular contributions. money in a high yield savings is much easier to access. high yield savings usually come with higher interest rates

what are the major differences between a cd and a high yield savings? select all correct options. a cd makes money inaccessible for a pre - determined period of time. a high yield savings must commit a sum of money up front. a cd does not allow for regular contributions. money in a high yield savings is much easier to access. high yield savings usually come with higher interest rates

Answer

Brief Explanations:

A CD (Certificate of Deposit) locks away money for a set term, restricting access and usually not allowing regular contributions. High - yield savings accounts offer more liquidity with easier access to funds and don't require a large upfront commitment.

Answer:

A. A CD makes money inaccessible for a pre - determined period of time C. A CD does not allow for regular contributions D. Money in a High Yield Savings is much easier to access