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it is guarantee by the federal government.

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Ulises Koss

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3y ago

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Related Questions

Why is certificate of deposit considered such a safe investment?

it is guarantee by the federal government.


What are the dimensions of a safe deposit box?

certificate of deposit


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.


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.


Certificates of deposits?

form_title=Certificate of Deposit form_header=You can safely make money on your investment by opening certificate of deposit account. What maturities of Certificates of Deposit (CDs) are you currently looking for?*= _[50] What investment amounts are you considering for your CD?*= _[50] Are you aware that there is a penalty for early withdrawal from a CD?*= () Yes () No


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.


In which situation would a certificate of deposit (CD) be the best investment to earn interest?

A certificate of deposit (CD) would be the best investment to earn interest when you want a guaranteed return and are willing to lock in your money for a specific period of time, typically ranging from a few months to several years.


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 is a certificate of deposit?

When you put money in a savings account, you can draw it out at any time. In a certificate of deposit, you agree to leave it in the bank for a certain period of time. They pay slightly higher interest because they know that money will be there for 3 months, 6 months, 1 year, etc. If you draw it out early, they reduce your interest.


Does CD Rate stand for Certificate of Deposit Rate?

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.


Is having a certificate of deposit a good way to invest your money?

Yes, having a certificate of deposit is a good way to invest your money if you are looking for a safe way and not expecting too much return.


What is the definition of a certificate of deposit?

An online certificate of deposit is a banking term referring to an online bank account. A certificate of deposit is a sum of money specified by the depositor at and interest rate offered by a banking establishment.