A certificate of deposit pays a higher interest rate than a savings account because the money is

2 answers:

8 0

The answer to the question in which the certificate of deposit has a higher interest would be that it is being kept by banks then for a longer period of time. Hope this is the right answer and would then be of big help.

Nataliya [291]4 years ago

3 0

A certificate of deposit pays higher interest rate than a savings account because the money is: B) Kept by the banks for a longer period of time. If you agree to put money into a certificate of deposit it is typically for a minimum of three months to a maximum of 5 years. Because this is such a long period of time it can incur more interest than a savings account.

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