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How do magnets work?!

Started by Terry C.
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Terry C.

But seriously, how do CDs work? I've never understood investing in CDs at a bank.

S

SaverLife Moderator T.

But seriously, how do CDs work? I've never understood investing in CDs at a bank.

We got you, @Terry!

Here's what one of our financial coaches had to say about CDs: "Most certificates of deposit (CDs) require a minimum deposit to open. With a CD, you can’t add to the balance and you can’t change the term. Your rate of return is set for that period regardless of how the market fluctuates. If you withdraw the funds before it reaches maturity, you often pay fees and penalties. CDs have a wide variety of term (30 days, 60 days, 90 days, or even years) and, generally, the longer the term of CD, the better the interest rate."

You can view the article here.

–SaverLife Moderator Team

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Tony D.

On the other hand magnetic fields arise due to relativistic length contraction increasing the density of electric field lines along the direction of motion, lol.

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