2007-08-07 16:01:02 · 4 answers · asked by WangoTang0 1 in Business & Finance ➔ Personal Finance
There are penalties for withdrawing early from a CD, If all rates are equal, pick the savings account
2007-08-07 16:08:40 · answer #1 · answered by Buffy Summers 6 · 0⤊ 0⤋
With a regular savings account, you can withdraw money at any time (although usually a limited number of times per month).
With a CD, you agree to leave that money alone for a pre-determined period of time.
2007-08-07 16:07:44 · answer #2 · answered by winters in buffalo 3 · 0⤊ 0⤋
With a CD you will be charged a fee for withdrawing early.
2007-08-07 16:04:37 · answer #3 · answered by drgnotary 3 · 0⤊ 0⤋
with the same interest rate? i see almost no difference. choose whichever one allows you easier access to your money, unless you want to keep yourself from spending it!
2007-08-07 16:08:30 · answer #4 · answered by KJC 7 · 0⤊ 0⤋