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Short Term CdPosted on January 8, 2010. What are the advantages and disadvantages of a long term / short term CD account? IM debate between a CD short and long term? Is all this up when I need it? Long-term links to your money for a longer period of time. It is the con if you're going to need the money. You will get a better rate of return on these. Conditions short tie your money up or a shorter period of time, but you pay for it by obtaining a rate of return. generally short term CD accounts pay interest a little shorter term accounts, but the difference tends to be less than 1%. If you wish to receive interest and save money, open a PayPal account that pays 5.02% and also includes a free debit card that pays 1% Cash Back on any operation that does not require a gas that is the PIN number of fast food. Paypal has no minimum balance requirement, unlimited time and budget your interest at the end of each month and your cash back from debit purchases once the operation begins processing. I wouldnt use PayPal as an option to invest. Even at 5%, it is much safer options better paid than CDs, and Paypal. You get higher yields and the money is safe. CommentsThere are no comments.Leave a Comment | Newest My Friends |