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  1. A certificate of deposit (CD) is a time deposit, a financial product commonly sold by banks, thrift institutions, and credit unions. CDs differ from savings accounts in that the CD has a specific, fixed term (often one, three, or six months, or one to five years) and usually, a fixed interest rate.

    Certificate of deposit - Wikipedia

    https://en.wikipedia.org/wiki/Certificate_of_deposit
  2. Dictionary
    cer·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.
  3. People also ask

    How do you calculate a certificate of deposit?

    How do you purchase a certificate of deposit?

    What are the advantages of a certificate of deposit?

    What is a certificate of deposit (CD) and how does it work?

  4. Certificate of Deposit (CD) Definition & How CDs Work

    www.investopedia.com › c › certificateofdeposit

    A certificate of deposit (CD) is a product offered by banks and credit unions that provides an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for...

  5. Certificates of Deposit (CDs) | Investor.gov

    www.investor.gov › certificates-deposit-cds

    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.

  6. Mar 23, 2021 · A certificate of deposit, commonly called a CD, is a special savings account you can open at most banks and credit unions. But unlike a regular savings account, CDs require you to lock your funds away for a specific period of time until a maturity date. In return, you’ll get a higher interest rate.

  7. Certificate of deposit - Wikipedia

    en.wikipedia.org › wiki › Certificate_of_deposit

    A certificate of deposit (CD) is a time deposit, a financial product commonly sold by banks, thrift institutions, and credit unions. CDs differ from savings accounts in that the CD has a specific, fixed term (often one, three, or six months, or one to five years) and usually, a fixed interest rate.

  8. What is a CD? Certificate of Deposit Basics | American ...

    www.americanexpress.com › en-us › banking

    A certificate of deposit, better known as a CD, is a secure, low-risk way to set aside – and earn interest on – a chunk of savings for a pre-determined period of time. Historically, CDs have offered a better opportunity to earn more interest than with a traditional savings account.

  9. What Is A Certificate of Deposit (CD) and How Does It Work?

    www.cnbc.com › select › certificate-of-deposit

    Oct 20, 2020 · Certificates of Deposit, often referred to as CDs, guarantee a return on your money with no risk whatsoever. CNBC Select defines what they are and how they work.

    • Elizabeth Gravier
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