Right now Citi Bank has a really good CD 6 months 5.0%apy or should i do a money Market which i dont know too much about?
What is better a CD Account or a Money Market account?
Compare the interest rates between them. Money markets invests in debt securities (such as government bonds) and may sometime perform better than a CD account.
I don't particularly like CDs because you have to hold the money in there for a period of time before you can take it out. Money markets are easily liquidable.
Reply:I'm a bit of a safer investor, so I recommend the CD. Money markets are not FDIC insured, so if the financial institution offering the MM goes under, you're out your money. The CD is FDIC insured up to $100,000.
But, CitiBank appears to be a stable bank, so the MM there may be a decent choice. Compare interest rates on both.
fantasy name
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