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| Name | CD Accounts Explained: Use For Strong Fixed Returns | NerdWallet |
| Video Uploader | Video From NerdWallet |
| Upload Date | This Video Uploaded At 06-12-2022 14:00:07 |
| Video Discription | Why should you consider opening a CD? CDs, or certificate of deposit, are a good option for earning interest, especially now that interest rates have bounced back. But be mindful of the drawbacks to CDs that you should know, like penalty fees for early access. We share the pros and cons to CDs so that you are able to accurately weigh your options when considering opening a CD. Suggested Articles: Are CDs Worth It?: https://www.nerdwallet.com/article/banking/cds-right-now Ask a Nerd: When and Why Should I Open a CD?: https://www.nerdwallet.com/article/banking/when-why-to-open-cds Chapters: 0:00 - Intro 0:28 - Benefits of Opening A CD 3:13 - Downside of Certificate of Deposit 4:55 - Initial Deposit Amount for a CD 5:36 - No Penalty CD Account Explained #NerdWallet #CD #CertificateOfDeposit Subscribe to NerdWallet - https://bit.ly/3wGvVf3 About NerdWallet: We’re NerdWallet. And we’re not your typical finance company. We believe that everyone should be able to make financial decisions with confidence. We’ve built a team of Nerds with the knowledge, passion, and skills to make that happen. Thanks to our Nerdy experts, see side-by-side comparisons and objective reviews of the best credit cards, bank accounts, and so much more — so you can get even more financial clarity. It’s the smartest decision for all your financial decisions. Disclaimer: This video is for informational and educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Any comments posted under NerdWallet's official account videos are not reviewed or endorsed by NerdWallet or representatives of financial institutions affiliated with the reviewed products unless explicitly stated otherwise. Avoid disclosing personal or sensitive information such as bank accounts or phone numbers. NerdWallet employees do not offer personalized financial advice and will not respond to posts here. Connect with NerdWallet: Follow NerdWallet on TikTok: https://tiktok.com/@nerdwallet Follow NerdWallet on Instagram: https://instagram.com/nerdwallet Follow NerdWallet on Twitter: https://twitter.com/NerdWallet Follow NerdWallet on Facebook: https://facebook.com/NerdWallet NerdWallet Website: https://nerdwallet.com CD Accounts Explained: Use For Strong Fixed Returns | NerdWallet https://www.youtube.com/c/nerdwallet |
| Category | Education |
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