Best Ways To Make Your Money Work For You : Savings Account Or Term Deposit Where To Invest Your Extra Money - A time deposit is a bank product that put deposit of money to be on holding period so the depositor can only get the money after that period without penaltyf, for instance, you want to go to the money in a term deposit, you will be charged a penalty for withdrawing it prior to the maturity daten term deposit, the longer the holding period, the higher the interest and so the profit from itn US, a time deposit is called certificate of deposit or CDhenever you have an ample amount of excess money, say, $10, 000 it is advisable to invest it in time deposit or certificate of deposit rather than on standard savings accounton't forget the money deposited in a time deposit or term deposit cannot be withdrawn before the maturity date on the other hand you can get your money on a savings account any moment you requirehere is a positive charge or penalty you must pay whenever you like to withdraw your money in time deposit prior the maturity date endsherefore, it is advisable to ... [Read More @ Best Ways To Make Your Money Work For You]
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