Which of the following is not an advantage of a CD as a cash management alternative for John and Maile?

Question

Quizplus · Accepted Answer

CDs generally offer a fixed rate of interest that may be higher than traditional savings accounts. They are also insured by the FDIC up to $250,000 per account holder. They are a good choice for automated payroll deductions and can be a reliable part of a cash management strategy. However, CDs do not typically pay money market interest rates, which can be higher than the interest rates offered by CDs.

Which of the Following Is Not an Advantage of a CD