What is an add-on CD?
An add-on CD lets you make additional contributions to your balance after the initial funding. However, it's important to understand the pros and cons of add-on CDs before opening an account.
Quick take
Read original at Yahoo Finance Add-on CDs offer flexibility with initial deposits as low as $100 and the ability to add money monthly. They typically have lower interest rates than traditional CDs, but provide features like fixed interest rates and federal deposit insurance up to $250,000. They may be worth it for those with small initial deposits and plans to add money regularly.
Summarised by netranta from Yahoo Finance. Open the original for the full story.
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