Certificate of Deposit (CD)
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A Certificate of Deposit (CD) is a time deposit sold by banks, thrift institutions, and credit unions in the United States. CDs typically differ from savings accounts in that the CD has a specific, fixed term before money can be withdrawn without penalty and generally higher interest rates. The bank expects the CDs to be held until maturity, at which time they can be withdrawn and interest paid. |
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| wikipedia:: Certificate of deposit |
Certificate of Deposit (CD)
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Certificate of Deposit (CD)