CERTIFICATES OF DEPOSITS(CDs)
A Certificate of Deposit (CD) is one of the safest investments to make. The interest rate is higher than that of a savings account, and is determined ahead of time once you do not break the CD before maturity.
When the term of the CD is at an end you can decide to renew the contract or withdraw your funds. Be mindful, withdrawing from your CD before the scheduled maturity will result in a penalty!