What is a CD savings account?

Question

its good ?

Answer 1

It's a Certificate of Deposite. It has a fixed interest rate that is higher than a regular savings account but it requires a much bigger deposit to begin (probably in the thousands). The amount of time for it to mature is usually faster than an annuity and it usually has a set time. Any bank or investment agency can do this. It can be a good thing but you should check with a good investment broker to see if this kind of financial vehicle is best for what you are doing.