Hey kids! Have you heard about CDs? They're like special savings accounts at banks. You put your money in for a certain time, and it grows! The bank pays you interest – that's extra money! Right now, banks are offering different interest rates on CDs.
- CDs are a safe way to save money.
- The interest rate shows how much your money grows.
- Longer CDs sometimes pay more, but now shorter ones might be better!
| CD Type | Interest Rate Example | Minimum Deposit |
|---|---|---|
| 1-Year CD | 4.40% | $25,000 |
| Other CDs | Varies | Varies |
Remember, ask a grown-up before making any decisions about your money!
