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Belco's Online Banking

Archive for September, 2023

A thoughtful man does online research about certificate account advantages and disadvantages.

Pros and Cons of Certificate Accounts

access_time Posted on: September 5th, 2023

Certificate accounts offer a safe and dependable way to save money while earning interest over a fixed period. These investment accounts are an excellent refuge for funds that need a temporary home with the promise of a guaranteed return. Read on to learn more about certificate account advantages and disadvantages and whether opening one is right for your portfolio. What Is a Certificate Account? A certificate account is an investment product whereby you deposit money in an account for a fixed period and earn interest. The rate is usually higher than what you’d make in a regular savings account. When the term ends, you get your initial deposit back along… read more »