This news isn't about cryptocurrency! It's about CDs, which are like special savings accounts at banks. You put money in for a certain time, and the bank pays you extra money (interest) when you take it out. It's a safe way to grow your money slowly.
- Banks offer different interest rates (how much extra money you get).
- Higher interest usually means you keep your money longer.
- Some CDs let you take your money out early, but you might lose some of your interest.
- There are different kinds of CDs with various benefits.
| CD Type | Interest Rate | Minimum Deposit |
|---|---|---|
| 14-month CD (Marcus) | 4.50% | $500 |
| 10-month CD (LendingClub) | 4.50% | $2500 |
