Natasha has been talking with her bank about its interest rates. Her banker has told her that they offer higher rates if she puts her money in a certificate of deposit rather than a regular savings account. Why is the bank able to offer more interest for the money placed in certificates of deposit than for money in savings accounts?

Answer rating: 100% (QA)

Banks typically offer higher interest rates on certificates of deposit CDs compared to regular savin... View the full answer