Certificate of Deposit

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January 1, 1 7 min read Definitions

Certificate of Deposit Bank Accounts Savings Interest Rates Long-Term Savings Financial Products Fixed Term Investments Banking

A Certificate of Deposit (CD) is a financial product commonly offered by banks and credit unions that provides an interest rate premium in exchange for the customer's commitment to leave a lump-sum deposit untouched for a predetermined period.

January 1, 1 5 min read Definitions

Certificate of Deposit (CD)

Certificate of Deposit Savings Account Fixed Term Deposit Interest Rate Financial Products Yields

A Certificate of Deposit (CD) is a type of savings account that carries a specified minimum deposit and term, typically offering a higher yield compared to regular savings accounts.