Specifically 3-month CDs. TD Ameritrade offers CDs at 5.4% for 3 months. Does that mean, that if I deposit 2,000 dollars, at the end of the three months I’ll receive 108? Or will it be 1/4 of that 5.4 because it’s only a 3mo CD?
I’m saving up to move out in the spring. Right now my cash is just sitting there, so my thought is, I might as well let it accumulate interest. I’ve never tried CDs before so any and all advice would be welcome.
I’ve got more than 2 grand but just threw that number out there. I’m not really sure what else I should add, just trying to his the word requirement. Hope this is enough.
Submitted November 04, 2023 at 12:33AM by DrunkSpartan15 https://ift.tt/e9VF38c
