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What is a Certificate of Deposit? Overview, Types, Calculator, Example

August 12, 2021 admin Comments Off on What is a Certificate of Deposit? Overview, Types, Calculator, Example

A certificate of deposit (CD) is a type of savings account that holds money for a period of time with a fixed interest rate. They’re a safer investment than stocks and bonds, with a non-volatile, guaranteed rate of return. Let’s take a look…
What is a Certificate of Deposit (CD)?

A certificate of deposit (CD) is a bank account that pays you a higher interest rate in return for locking your money away for a fixed period of time. Terms generally range from three months to five years. Generally, the longer the term, the higher the interest rate. Similarly, penalties for early …read more […]