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Additional features or benefits that can be added to a certificate of deposit include higher interest rates for longer terms, the option to withdraw interest payments without penalty, and the ability to automatically renew the CD at maturity.

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4mo ago

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Related Questions

What are the benefits of a certificate of deposit?

One of the benefits of a certificate of deposit is that you get a high interest rate then if you had a savings account. They are also FDIC insured so if the bank goes under your money is safe.


What are the benefits of investing in a 9 month certificate of deposit?

Investing in a 9-month certificate of deposit can provide benefits such as higher interest rates compared to regular savings accounts, a fixed rate of return, and a low-risk investment option.


What are the benefits of investing in a 24 month certificate of deposit?

Investing in a 24-month certificate of deposit can provide benefits such as higher interest rates compared to regular savings accounts, a fixed rate of return, and a guaranteed return on your investment after the maturity period.


What are the features of fixed deposit?

1. You will get a certificate for the deposit 2. You can opt for periodic interest payment or total interest payment at the end of the deposit duration 3. you can get loans against the deposit 4. you can use the deposit as a collateral for loans etc...


What is the plural of certificate of deposit?

Certificates of deposit.


Can Owner of deposit certificate sell it?

No. A Deposit Certificate cannot be sold. It can only be cashed by the person who took the deposit certificate so buying it would be a bad idea because if anyone else tries to cash the deposit certificate, the bank will not pay them.


How would you use a certificate of deposit?

well first you would start the start the deposit of your certificate. I would recomend waiting so your Certificate of deposit can mature with growth. Be sure to add the exact intrest rate of your certificate and be sure to use a calculator to determine your amount of the certificate deposit


What are the dimensions of a safe deposit box?

certificate of deposit


What are the benefits of investing in a 2 year certificate of deposit?

Investing in a 2-year certificate of deposit can provide benefits such as higher interest rates compared to regular savings accounts, guaranteed returns, and a fixed rate of return for the duration of the investment. Additionally, it offers a low-risk way to save money for a specific goal or timeframe.


Do you have to pay taxes on a certificate of deposit?

Yes, you generally have to pay taxes on the interest earned from a certificate of deposit.


How do you say certificate of deposit in Portuguese?

Certificate of Deposit in Portuguese is "Certificado de Depósito".


Can a trust be named as the beneficiary of a certificate of deposit (CD)?

Yes, a trust can be named as the beneficiary of a certificate of deposit (CD).