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Can you Get a CD with bad credit?

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Anonymous

14y ago
Updated: 8/16/2019

Yes.

A Certificate of Deposit (CD) is a deposit instrument has the following features:

* Guaranteed principal

* Guaranteed periodic interest

* FDIC insured

* Low/no cost to purchase

Your credit rating is not considered when you purchase a CD. Only your ability to fund the CD (with cash or other liquid investments) is considered.

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Wiki User

14y ago

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