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Certificate of deposit
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Certificate of deposit

Document tied to a bank account with a fixed term

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📌 Topics

  • Personal Finance (2)
  • Banking (2)
  • Economic Indicators (1)
  • Investment Options (1)

🏷️ Keywords

Certificate of Deposit (2) · CD rates (1) · High-yield savings (1) · Interest earnings (1) · Federal Reserve (1) · Inflation (1) · Economic stability (1) · Personal savings (1) · CD interest rates (1) · Fixed rates (1) · Savings (1) · Banking (1) · Investment (1) · Financial planning (1)

📖 Key Information

A certificate of deposit (CD) is a time deposit sold by banks, thrift institutions, and credit unions in the United States. CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty. CDs also generally have higher interest rates than savings accounts.

📰 Related News (2)

🔗 Entity Intersection Graph

Wealth(1)Bank(1)Inflation(1)Federal Reserve(1)Certificate of deposit

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