What Is The Difference Between A Certificate Of Deposit And A Savings Bond ?

if u can also help me with this answer i also need to know the current interest rates of both?

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One Response to What Is The Difference Between A Certificate Of Deposit And A Savings Bond ?

  1. hogan.en says:
    January 4, 2010 at 10:22 pm

    Savings bonds are sold by the US Treasury to finance the running of the government. “EE” bonds are currently at 3.70% interest rates; the “I” bonds are 2.41%.
    Certificates of Deposit are issued by individual banks, and offer a higher rate of return than the banks normal savings account. Banks can offer these higher returns because you guarantee the money will be there. Rates differ between time frames and banks; ING is offering between 4.75% yeild for terms of 6 months or over 30 months, and 5.25% APY for 12-month CDs.