Certificates of Deposits (CDs) show all but one of the following characteristics. Find out which one:
A
Most CDs will incur a fee or penalty for early withdrawal.
B
CDs usually offer lower yields than a regular savings account.
C
CDs are usually insured up to the same amount through some credit union mechanism.
D
Most commonly CDs are offered with a fixed interest rate and term.
Correct Answer: Most commonly CDs are offered with a fixed interest rate and term.
