3 CD account terms to consider right now

When considering a CD account, be sure to look at the APY, or annual percentage yield, to see how much interest you will earn. Another important term to consider is the minimum deposit required to open the account, as some banks have higher requirements than others. Lastly, check the length of the CD term, as longer terms usually offer higher interest rates but require you to lock in your money for a longer period of time.

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