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Yes it does. It is the interest rate assigned to a certificate of deposit at the time it is purchased. They generally offer a fixed rate of return for a specified period, which then nominally increases with the amount or the term of the investment.
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∙ 12y ago
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What do the initials CD stand for?
Certificate of Deposit Compact Disc Charley Daniels
What rate does a five year certificate of deposit pay?
Today, the average 5 year certificate of deposit carries a rate of 2.85%. This number comes from the overnight CD rate list on bankrate.com.
What is the difference between a high yield CD and a low yield CD?
I high yield certificate of deposit will help you earn the highest certificate of the deposit rate and it usually requires a high investment also with minimum deposit of $500.
What is a certificate of deposit interest rate?
A certificate of deposit interest rate or CD is a time deposit, a financial product commonly sold in the United States by banks, thrift institutions and credit unions. CDs are similar to savings accounts.
What is the meaning of CD rate?
CD is a Certificate of Deposit also known as a CD. The rate is determained by how much it was purchased for and how long it is in your possesion. Rates can change from year to year depending on the econmy.
What is a CD at a bank?
A CD is a certificate of deposit which is a time deposit savings with fixed terms.
What is a bank CD?
A CD refers to a Certificate of Deposit. It is a certificate given to you by a bank for depositing cash with them. They would pay you an interest for having the deposit with them.
Are annuities a better investment than Certificates of Deposit?
Annuities may be a better investment than a Certificate of Deposit. The interest rate paid on an annuity is typcially higher than that paid on a Certificate of Deposit (CD). However a Certificate of Deposit is easier to set up - just visit your local bank. When the time comes to cash out a CD is also easier to close.
Is CD investment risky?
No. CD stands for Certificate of Deposit which is a certificate issued by a bank after they accept the deposit from you. No matter what happens, this money will be returned to you on the date of maturity/completion of this deposit.
What is a IRA CD and how do you get one?
An IRA CD is a certificate of deposit used for and individual retirement account. It has a fixed interest rate and a specific amount of time before the CD can be opened.
Another name for a CD?
CD can mean: Certificate of Deposit Compact Disk Crossdresser
Where can someone find comparisons of CD rates?
Comparisons of CD rates can be found on the Bankrate website. They offer high yield bank CD rates, best certificate of deposit interest rate and savings investment.
