CD

Certificate of Deposit - A Certificate of Deposit (CD) is a time-bound deposit made with a bank or financial institution that offers a fixed interest rate over a specified period. Unlike a regular savings account, funds in a CD are usually locked in for the term of the CD and early withdrawal may result in penalties.

Class Information

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Identification

Label (rdfs)
Certificate of Deposit
Preferred Label
CD
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Definition and Examples

Definition
A Certificate of Deposit (CD) is a time-bound deposit made with a bank or financial institution that offers a fixed interest rate over a specified period. Unlike a regular savings account, funds in a CD are usually locked in for the term of the CD and early withdrawal may result in penalties.
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Additional Information

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Deprecated
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