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Money and Finances
Reply to "120k in cash"
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[quote=Anonymous]Since you say you don't know the terms... Besides i-bonds, CD refers to Certificate of Deposit. These are issued by banks and basically pay a slightly higher rate of interest in exchange for you committing to keep the money on deposit for some defined period of time (typically a year). Yield refers to your Return on Investment (ROI).[/quote]
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