Saving bonds vs certificate of deposits - Any difference?
One main difference between the two lies in the accessibility. In case of CD, your funds are committed for a certain period of time. The time limit can stretch to 5 years. The interest rate is fixed. If you take out money early, then you'll be penalized. On the other hand, in case of savings accounts, the interest rates changes from time to time. However, you can deposit or withdraw money whenever you want to.
saving bonds has face value whereas cd has no face value