MANAGEMENT

Detailed explanation-1: -Certificate of deposit account (CD) is a time deposit which means you commit to keep your money in the account for a particular amount of time. During that period, your money earns interest. Upon maturity, you can choose to withdraw or transfer it into a new CD.

Detailed explanation-2: -Best Savings Accounts: CFG Bank-4.45% APY. BankPurely-4.45% APY. iGObanking-4.45% APY. Popular Direct-4.40% APY.

Detailed explanation-3: -With most savings accounts and money market accounts, you’ll earn interest every day, but interest is typically paid to the account monthly.

Detailed explanation-4: -Regular savings account: earns interest and offers quick access to funds. Money market account: earns interest and may provide check-writing privileges and ATM access. Certificate of deposit, or CD: usually has the highest interest rate among savings accounts but the most limited access to funds.