Mutual Funds Fund operated by an investment company that raises money from shareholders to invest in securities according to a prescribed objective. Mutual funds have become the most popular method of investing for Americans. Private pension account available to individuals for saving and investing on a tax -deferred basis. Corporate retirement plan that allows employees to contribute pre -tax dollars in an investment vehicle like a mutual fund. A type of Mutual Fund that invests in commercial paper, banker's acceptances, repurchase agreements, government securities, certificates of deposit, and other highly liquid and safe securities that pay money market rates of interest.
Money usually earns more interest in a CD than in a regular savings account.
Longer periods may result in higher interest rates. Taking out money sooner than you promised means paying penalties and possibly losing any interest you may have earned.