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.
Learn more about CDs (Certificate of Deposits) and whether the investment makes sense for you
Written by raymond on June 3, 2018 in CD, entrepreneurship.
Last update on Dec. 27, 2019.