Article: World Savings CD Rates - Beware of Annuities To advertise on this page, please contact TalkAboutMoney"at"gmail.com |
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Definition: A Certificate of Deposit or CD is certificate from a bank stating that the named party has a specified
sum on deposit, usually for a given period of time at a fixed rate of
interest. Often there is a penalty for early withdrawal (taking your money out before the specified period of time.) 1
Funds may not be added during the term of a certificate of deposit
(CD), except for Liquid CDs. Interest rate and APY in effect at the
time a CD account is opened are guaranteed for the full term. Personal
funds only.
2 Annual Percentage Yield accurate as of 12/05/2007 and may change after account opening. Fees may reduce earnings. Penalty may be imposed for early withdrawal. |