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A certificate of deposit is best for savings as they have a fixed interest rate. The drawback is that you should not cash it in until it reaches maturity.

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11y ago

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Which bank has the best certificate of deposit?

GE Capital Retail Bank has the best certificate of deposit. The APY rate is only 1.050% and the rate is 1.040% and is compounded daily. The minimum deposit is $25,000.00.


How do I get the best high certificate of deposit interest rates?

You will recieve a higher rate of interest as your deposit amount increases.


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 is a IRA Certificate?

What is IRA certificate of Deposit? In such certificate of deposit, investor can own Roth IRAs or traditional IRAs together with CD inside their accounts. The terms and conditions of such certificate of deposit are same as a regular certificate of deposit. The only difference is that the fund is contained within IRA account. There are brokerage firms who help retiree to fix the terms of their IRA account, so that they can direct the investment funds to various risk and risk free domains to attain the best possible benefit. One can own certificate of deposit within the self-directed IRA account. Enhanced advantages of tax are involved within the certificate of deposit owned within the IRA account.


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.


Where can one find information on how to get the best certificate of deposit rate?

One can find information on how to get the best certificate of deposit rate by going to their local bank and asking someone in the investments department. One can also find this information online at various banking sites.


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).


Where can you obtain a certificate of deposit?

You can obtain a certificate of deposit (CD) from banks, credit unions, and other financial institutions.