What Is a Liquid Certificate of Deposit?
Traditional certificates of deposit (CDs) have long been a popular alternative to savings accounts. They provide a better rate of return and are insured so they carry negligible risk to the principal amount invested. However, the traditional CD cannot be cashed in before it matures without incurring stiff penalties. That’s where the liquid CD comes in. It works like other CDs but gives you some access to your money.
