|
|
|
|||||||
| Personal Finance and Forex Share tips of the trade or ask questions regarding the best way to manage your personal accounts and savings. Where should you have your funds allocated in terms of liquidity, dollar leverage (against inflation) and retirement planning. |
 |
|
|
LinkBack | Thread Tools | Display Modes |
01-26-2008, 01:50 AM
|
|||
|
|||
|
Which savings option earns more money, a 20 day CD or Savings account?
The 20-day CD earns 3.00% and the Savings account earns 4.25% (compounded daily and awarded monthly).
__________________
Powered by Yahoo! Answers     
|
| Sponsored Links |
|
01-26-2008, 01:52 AM
|
|||
|
|||
|
The 20 day CD rate is annual percentage rate. You wouldn't make 3% in 20 days. The savings account is a far better rate, 41% more return than the CD.
__________________
Powered by Yahoo! Answers
|
|
| Thread Tools | |
| Display Modes | |
|
|
Linear Mode
