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Financial Terms to Know: Certificate of Deposit

What is a Certificate of Deposit or a CD? Financial expert Anna Manukyan explains this important savings tool.

by Staff
February 22, 2023
Financial Terms to Know: Certificate of Deposit

 

1 min to read


Are you looking to grow your money with little to no risk? Having a stock portfolio is great and can certainly help you build wealth, but it can be unpredictable, especially in volatile economic times. If you want a guaranteed return on your savings, consider a CD, or Certificate of Deposit.

Anna Manukyan, Ulta Beauty's Senior Director of Education and Creative, loves sharing her financial expertise with the beauty industry. In her most recent #FinanceFriday video, she explains how CDs work and how this savings tool can be beneficial for you. See the video below:

Originally posted on Modern Salon

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