Which Statement Is Incorrect About CDs

Which statement is incorrect about CDs?

A) The interest rate on a one-year CD will likely be higher than the rate on a three-month CD.
B) Savings accounts usually pay a higher rate of interest than CDs.
C) Withdrawing money from a CD before the end of its term will likely result in a financial penalty.
D) CDs can be purchased for periods ranging from three months to five years.