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- DictionaryCer·tif·i·cate of de·pos·it
noun
- 1. a certificate issued by a bank to a person depositing money for a specified length of time.
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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...
5 days ago · What Is a Certificate of Deposit (CD) and What Can It Do for You? By. Jason Fernando. Updated Feb 16, 2024. History of CD Interest Rates. By. Sabrina Karl. Updated Jan 26, 2024. How...
Nov 3, 2023 · A certificate of deposit (CD) is a type of savings product offered by financial institutions that allows you to lock in an interest rate (usually expressed...
Jan 17, 2024 · The meaning of CERTIFICATE OF DEPOSIT is a money-market bond of a preset face value paying fixed interest and redeemable without penalty only on maturity.
A certificate of deposit (CD) is a time deposit sold by banks, thrift institutions, and credit unions in the United States. CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty and generally higher interest rates.
Aug 28, 2023 · A certificate of deposit, or CD, is a type of savings account offered by banks and credit unions. You generally agree to keep your money in the CD without taking a withdrawal for a specified length of time. Withdrawing money early means paying a penalty fee to the bank.
Apr 9, 2024 · How does a CD work? While stock and bond prices move up and down all the time as they trade on public exchanges, CD yields are fixed, so you can know how much you'll earn for defined time periods up to 20 years into the future. CDs are also FDIC insured, within limits.
