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   What is a certificate of deposit (CD)?

   • A certificate of deposit (CD) is a type of savings account that pays a fixed interest rate on money held for an agreed upon period of time. CDs differ from standard savings accounts in that CD funds must remain untouched for the entirety of their term or you'll incur a penalty.

   What Is a Certificate of Deposit (CD) and What Can It Do for You?

   www.investopedia.com/terms/c/certificateofdeposit.asp

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   Can a business have a certificate of deposit account?

   • Yes, a business can have a Certificate of Deposit account. Businesses typically keep any reserve funds in a savings or money market account. However, for business owners who'd like to earn extra interest and know they won't need access to their funds in the near future, a business CD can be a valuable alternative. How Do Business CDs Work?

   What Is a Business CD? | City National Bank

   www.cnb.com/business-banking/insights/what-is-a-business-cd.html

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   How does a certificate of Deposit Work?

   • A CD is a way to put away money beyond what you’ve accumulated in your savings account, without taking on much more market risk. Think of it like buying a baseball card for your favorite player, knowing its value will go up when he retires in a year or two.

   What is a CD & how do they work? | Capital One

   www.capitalone.com/bank/money-management/banking-basics/what-is-a-cd/

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   Are certificates of deposit a good investment?

   • Certificates of deposit (CDs) generally pay higher interest rates than savings and money market accounts. CDs are a safer and more conservative investment than stocks and bonds, but offer lower opportunity for growth. Banks, credit unions, and brokerages typically offer several CD options.

   What Is a Certificate of Deposit (CD) and What Can It Do for You?

   www.investopedia.com/terms/c/certificateofdeposit.asp

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   What is a fixed rate Certificate of deposit?

   • A fixed rate certificate of deposit is a CD that has a set or fixed interest rate that is paid over the entire term of the instrument. The total fixed interest earned along with the CD principal is paid to the investor once the certificate of deposit reaches maturity.

   Certificates of Deposit: All You Need to Know - Investopedia

   www.investopedia.com/certificate-of-deposits-4689733

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   Should you buy a certificate of deposit?

   • Certificates of deposit offer stability for people who want to earn more on their money without the risk inherent in stocks and bonds. Although interest rates may be higher than savings accounts and money markets, you'll want to read the fine print carefully.

   What Is a Certificate of Deposit (CD) and What Can It Do for You?

   www.investopedia.com/terms/c/certificateofdeposit.asp

   See all results for this question

2. www.investopedia.com › c › certificateofdepositWhat Is a Certificate of Deposit (CD)? Pros and Cons

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   2 days ago · A certificate of deposit (CD) is a type of savings account. It pays a fixed interest rate on money held for an agreed upon period of time. The best CD rates are usually higher than savings...

   • Author: Jason Fernando

   • Video Duration: 2 min

3. www.forbes.com › advisor › bankingWhat Is A Certificate Of Deposit (CD)? – Forbes Advisor

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   Jun 6, 2024 · CD Definition. A CD is a type of savings account available through banks and other financial institutions. They are time deposit accounts, meaning you earn a set interest rate in exchange for...

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4. www.investopedia.com › certificate-of-deposits-4689733Certificates of Deposit: All You Need to Know - Investopedia

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   2 days ago · Learn about certificate of deposit (CD) types, how they work, and how they can fit into your savings goals. Browse Investopedia’s expert-written library for more.

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5. www.cnb.com › business-banking › insightsWhat Is a Business CD? | City National Bank

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   A business CD, or Certificate of Deposit, is a low-risk way to help you grow your business savings. Like a personal CD, a business CD is an account that allows your business to save money at a fixed rate of interest for a fixed length of time.

6. www.nerdwallet.com › cd-certificate-of-depositWhat Is a CD (Certificate of Deposit)? - NerdWallet

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   Mar 13, 2024 · A CD, or certificate of deposit, is a type of savings account with a fixed interest rate that’s usually higher than the rate for a regular savings account. A CD also has a fixed term length and a...

   • Video Duration: 14 min

7. www.bankrate.com › banking › cdsWhat is a CD (certificate of deposit)? - Bankrate

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   Oct 2, 2023 · A certificate of deposit (CD) is a low-risk deposit account that earns a fixed rate of return. In exchange for this guaranteed yield, you agree to lock up your money until the CD’s term expires.

8. www.capitalone.com › bank › money-managementWhat is a CD & how do they work? | Capital One

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   Apr 6, 2022 · The definition of certificate of deposit is an account that allows you to save money typically at a fixed interest rate for a fixed amount of time—say, 6 months, 1 year or 5 years. In exchange for leaving your money in the account, banks offer an interest rate that’s usually higher than those offered by a traditional savings account. 2.