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Glossary · Banking

Certificate of Deposit (CD)

Definition

A CD is a savings product that earns interest on a lump sum for a fixed period, usually with a penalty for early withdrawal.

What is Certificate of Deposit (CD)?

A CD is a savings product that earns interest on a lump sum for a fixed period, usually with a penalty for early withdrawal.

How Certificate of Deposit (CD) works

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Why Certificate of Deposit (CD) matters

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Frequently asked questions