Certificate of deposit

From MarketsWiki

Jump to: navigation, search
This page is not complete!
Do you have knowledge to contribute on this or other subjects?

Sign up to add what you know or suggest a page, provide content or sources.



Certificates of deposit (or CDs) are debt instruments issued by banks and other financial institutions to investors. The investor is paid a set rate of interest in exchange for lending the institution money for a predetermined length of time. Maturities on certificates of deposit range from a few weeks to several years; the interest rate earned by the investor increases in proportion to the time his or her capital is tied up in the investment. [1]

Certificates of deposited are FDIC-insured for up to $100,000.


This page needs a sponsor.
Put your logo here!
Email us for information
on how to support MarketsWiki.

References

  1. In this Corner: Money Market vs. Certificate of Deposit. About.com. Retrieved on January 20, 2009.


Personal tools