4 true or false 8 points cds pay higher interest rates than savings accounts. true false
4 true or false 8 points cds pay higher interest rates than savings accounts. true false
Answer
Answer:
True
Brief Explanation:
Certificates of Deposit (CDs) typically have a fixed - term and fixed - interest rate. Since the money is locked in for a specific period, banks offer higher interest rates compared to the more liquid savings accounts.