CDs or "certificate of deposits" are time deposits. This means that you can lock in a fixed rate for a period of time, but you cannot touch the money during that time period. Is this a good investment for you?
Category archives: CD
A certificate of deposit (CD) is a savings certificate with a fixed maturity date, specified fixed interest rate and can be issued in any denomination aside from minimum investment requirements. A CD restricts access to the funds until the maturity date of the investment. CDs are generally issued by commercial banks and are insured by the FDIC up to $250,000 per individual.
Written by raymond on June 3, 2018 in CD, entrepreneurship.
Last update on Dec. 27, 2019.