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kasbn_gw

certificate of deposit

kasbn
15 years ago

Hi.

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.

Thanks,

kathy

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