certificate of deposit
My son is getting married later in the year. They will get everything they need to start a home.
I would like to give them 500.00. But, I don't want to give them cash. I would like to give them or start them some sort of savings.
Maybe start a savings account. Or get them a cd. Now, I know nothing about cd's. Have been doing some reading, and it seems like a low risk savings.
I was wondering if anyone could explain in simple terms how this works. Is it low risk? What exactly do I need to look at?
Any advice will be much appreciated.