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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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What are certificates of deposit? A certificate of deposit (CD) is a savings account that holds a fixed amount of money for a fixed period of time, such as six months, one year, or five years, and in exchange, the issuing bank pays interest.
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...
Feb 16, 2024 · A certificate of deposit (CD) is a type of savings account offered by banks and credit unions that pays a fixed interest rate on money held for an agreed upon period of time. more Add-On CDs ...
4 days ago · All Savers Certificate: A type of nontaxable certificate of deposit account with a duration of one year that was used primarily by thrift institutions to build funds for mortgage lending. All ...
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 · Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917. 1059204.4.1. CD, or certificate of deposit, is a savings product issued by a bank. Here’s what you need to know about CDs, including their pros and cons and how to buy them.
Mar 25, 2024 · Certificates of deposit (CDs) are bank deposit products that hold your funds for a set period of time, or term. In exchange, the bank pays you a fixed annual percentage yield (APY), making CDs a...
