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Certificate of deposit
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Certificate of deposit (CD) is an agreement between the depositors and the authorized bank or financial institution. This agreement is for a specific period of time with a certain amount of money to invest where the financial institution pays interest. You can redeem at the time of maturity of the instrument.
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What is a certificate of deposit? Ever wanted to know what a CD actually does? Find out here.
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CD (Certificate of Deposit) — All You Need to Know A certificate of deposit (CD) is a type of time deposit given by banks and finance unions that pays a higher interest rate in return for the consumer consenting to keep a lump-sum deposit unattended for a set amount of time. Today we will discuss all you need to know about certificate of deposit (CD).
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... The post How to Build a CD Portfolio: Diversifying Your Investments appeared first on The Total Entrepreneurs.
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Certificate of deposit and more