This news is about Certificates of Deposit (CDs), a safe way to save money in a bank. Think of it like a special savings account!
- CDs give you interest – extra money – on your savings.
- Higher interest means you earn more money.
- Some CDs let you raise your interest rate if bank rates go up.
- Some CDs let you take your money early without a penalty.
| CD Type | Interest Rate Example | Minimum Deposit |
|---|---|---|
| 1-Year CD | 4.40% | $25,000 |
| Other CDs | Varies | Varies |
