certificates of deposit
Fixed-term savings
Certificates of deposit are savings instruments issued by banks that pay a fixed interest rate in exchange for leaving money deposited for a set term—typically three months to five years.
Early withdrawal incurs a penalty.
Often abbreviated CD: She put her inheritance in CDs.
The fixed return makes them low-risk but inflexible compared to regular savings accounts.
- CDOptical data disc
- savingsAccumulated money kept
- rainy day fundMoney saved for emergencies
- nest eggSaved money for later
- maturity dateWhen debt must repay
early withdrawal penalty · rates of return · banks · bank teller · face value · laddering · interest · principal · FDIC insurance · risk free · bills · liquidity · investors · investment · financial instruments · money market funds · warrants · short-term loans
- assetsproperty, cash, money, investments, bank accounts
- bankingbank, banks, ATM, ATMs, account
- investmentsbonds, stocks, securities, investment, equities
- financial instrumentspromissory notes, check, bond fund, cheque, checks
- fixed incomebonds, treasuries, T-bills, CDs, treasury bonds
- Money Marketsmoney market, money market funds, LIBOR, repo, repos
certificates of depositchecking accounts
Accessible bank funds
money market accounts · savings accounts · cash · petty cash · liquid assets
certificates of depositpenny stocks
Very low-priced shares
cryptocurrency · meme stocks · stocks · equities · venture capital
certificate, certificates, certify, certified, certifying, certification, certifiable, deposit, deposits