Is a certificate of deposit a growth and income, or growth, or aggressive growth funds?

A certificate of deposit (CD) is not a growth and income, growth, or aggressive growth fund. CDs are a type of savings account that offers a fixed interest rate for a set period of time, typically ranging from a few months to several years. They are considered low-risk investments and are not designed to provide the high growth potential associated with growth and income funds.

The primary goal of a CD is to provide a predictable return on investment, rather than seeking capital appreciation or high income. While CDs do offer a guaranteed interest rate, they typically offer lower returns compared to growth and income funds, which invest in stocks or other assets with the potential for higher growth.

In summary, CDs are not suitable for investors seeking growth and income, as their primary objective is to preserve capital and provide a fixed return, rather than pursuing higher growth or income.