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Certificate of Deposit (CD)
HomeGlossary TermsCertificate of Deposit (CD)

Certificate of Deposit (CD)

June 24, 2023BY Ubik Capital
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An issued Certificate of Deposit (CD) represents a specific kind of savings account where a predetermined amount of money is deposited with a bank for a set period. As compensation, the bank provides interest on the deposited amount. Typically, CDs have standard durations ranging from six months to one to five years.

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