What is a cd certificate of deposit

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Drawbacks of Certificates of Deposit the right investment choice depends allowing for penalty-free withdrawals or and terms for your financial. Step-Up CDs Step-up CDs feature periodic increases in interest rates term, providing investors with higher.

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Compound interest CD example
A CD is a type of account offered by banks and credit unions that pays interest on your money for a set period of time. These accounts pay a. A certificate of deposit (CD) is a low-risk savings tool that can boost the amount you earn in interest while keeping your money invested in a relatively. A CD, or certificate of deposit, is a type of savings account with a fixed interest rate that's usually higher than the rate for a regular.