What is a Certificate of Deposit? How Do Certificates of Deposit Work?

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• published: 17 Oct 2014
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What is a Certificate of Deposit? How Do Certificates of Deposit Work? - Please take a moment to Like, Subscribe, and Comment on this video! View Our Channel To See More Helpful Finance Videos - https://www.youtube.com/user/FinanceWisdomForYou cd rates cd savings bonds rates cds best cd rates cd calculator what is a mutual fund money market rates high interest savings accounts best savings account intrest cd interest rates treasury rates savings account interest rates high yield savings account savings account rates best interest rates highest cd rates bank rates bank cd rates bank interest rates best savings account rates chase cd rates cd rate calculator cd interest calculator cd account certificate of deposit rates certificates of deposit what is a certificate of deposit bond rates annual percentage yield best savings accounts savings accounts money market account rates high yield cd certificate of deposit definition what is a cd account savings interest rates best ira demand deposit bankrates cd rate bank calculator highest rate offered on a certificate of deposit from a bank jumbo cd rates remote deposit capture ira rates certificate of deposit calculator best savings rates bank cd savings rates high interest cd 5 year cd rates 6 month cd rates chase bank cd rates compare banks ira interest rates high interest savings account highest interest rates credit union cd rates cd ladder investment accounts high interest savings define certificate of deposit cd investment interst ira cd rates intrest rates roth ira rates top cd rates deposit accounts best cd rate highest savings rates bank deals best bank rates 10 year cd rates investment account interest rates on cds deposit account savings account interest rate cd account rates cd bank cd rates chase savings account interest cd rates cd savings bonds rates cds best cd rates cd calculator what is a mutual fund money market rates high interest savings accounts best savings account intrest cd interest rates treasury rates savings account interest rates high yield savings account savings account rates best interest rates highest cd rates bank rates bank cd rates bank interest rates best savings account rates chase cd rates cd rate calculator cd interest calculator cd account certificate of deposit rates certificates of deposit what is a certificate of deposit bond rates annual percentage yield best savings accounts savings accounts money market account rates high yield cd certificate of deposit definition what is a cd account savings interest rates best ira demand deposit bankrates cd rate bank calculator highest rate offered on a certificate of deposit from a bank jumbo cd rates remote deposit capture ira rates certificate of deposit calculator best savings rates bank cd savings rates high interest cd 5 year cd rates 6 month cd rates chase bank cd rates compare banks ira interest rates high interest savings account highest interest rates credit union cd rates cd ladder investment accounts high interest savings define certificate of deposit cd investment interst ira cd rates intrest rates roth ira rates top cd rates deposit accounts best cd rate highest savings rates bank deals best bank rates 10 year cd rates investment account interest rates on cds deposit account savings account interest rate cd account rates cd bank cd rates chase savings account interest What is a Certificate of Deposit? How Do Certificates of Deposit Work? CDs are among the safest investment a persona can make. The interest rate is determined ahead of time, and you’re guaranteed to get back what you put in, plus interest once the CD matures. What’s more, if the bank goes belly up, your deposit is probably insured by the FDIC for up to $250,000. Here are the most common types of CDs: • Traditional CD: You receive a fixed interest rate over a specific period of time. When that term ends, you can withdraw your money or roll it into another CD. Withdrawing before maturity can result in a hefty penalty. What is a Certificate of Deposit? How Do Certificates of Deposit Work? Certificates of Deposit (CDs) are common savings products offered by many banks and credit unions. The key difference between a regular savings account and a CD is that early withdrawal from a CD in advance of pre-specified term leads to penalty fees (which is why they are sometimes called “time deposits”). CDs are typically offered in terms of 3 months, 6 months, 1 year, 2 years, 3 years, 5 years or greater, although some exceptions do exist. In exchange for locking away a consumer’s cash, CDs usually offer higher yields than a regular savings account. The rates typically increase with the length of deposit terms. Finance Wisdom For You Finance Wisdom For You What is a Certificate of Deposit? How Do Certificates of Deposit Work?