It is highly recommended that CD investments be made at local institutions,even though some yield may be sacrificed.

Question

Quizplus · Accepted Answer

While local institutions may offer convenience and personal service, it's not universally recommended to choose them for CD investments if they offer significantly lower yields compared to other available options. Investors often seek the best returns on their investments, which might be found at national banks, online banks, or credit unions, not just local institutions.

It Is Highly Recommended That CD Investments Be Made at Local