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A certificate of deposit is best for

money you want to put aside for a few months or years
money you may need at a moment's notice
retirement investing
storing mortgage payments

Respuesta :

A certificate of deposit is best for "money you want to put aside for a few moths or years".

Explanation:

  • Certificate of deposit pays higher interest when a lump sum of money is left in the bank for few months or years.
  • The money should be untouched for agreed number of years or months. It varies from bank to bank.
  • Even credit union has the option to provide certificate of deposit
  • The interest rate will be higher than the regular savings scheme
  • You can trust and invest since there is a return guarantee
  • It does not lose value unless you break the agreement
icarbs

Answer: To earn interest over time without risk

Explanation: A~P~E~X