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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...
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...
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. When you cash in or redeem your CD, you receive the money you originally invested plus any interest.
3 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...
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 CD Ladder: How ...
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...
Apr 9, 2024 · April 09, 2024. 6 min. Print. What is a CD (certificate of deposit)? CDs and CD ladders may help you when interest rates fall. Fidelity Viewpoints. Key takeaways. Currently, CDs offer higher yields than some higher-risk investments. Medium and longer-term CDs may let you lock in today's attractive yields before interest rates move lower.
