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Certificate of deposit
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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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What is a certificate of deposit? Ever wanted to know what a CD actually does? Find out here.
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To open a certificate of deposit (CD), you'll need to choose a provider, pick a type of CD, choose a provider, and apply. Learn other steps for how to open a CD.
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Certificates of deposit (CDs) can be invested for short-term and long-term gain, using strategies that boost the growth potential of these safer instruments.
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