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CertificateofDeposit.co offers insight into investing in Certificate of Deposits (CDs), as well as internet banking resources. CertificateofDeposit.co want to provide you with answers to questions about:
- Certificates of deposits
- Some of the best cd rates
- A list of common types of cds
- Practical advice that any cd investor can use to maximize their earnings
If you're considering investing in a Certificate of Deposit account, CertificateofDeposit.co would like to invite you to visit their website. CDs make great investments for those wanting to earn a safe return without tying up funds for too long.
A Certificate of deposit (CD) is a type of financial deposit account offered by financial institutions. CD’s are often considered “time deposits,” due to the fact that the money invested in certificates of deposits are often held for a set maturity date, which will vary depending on the individual cd’s term.
A traditional certificate of deposit is considered to be a ”safe investment,” and traditional CD deposits are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per depositor, per insured bank. This makes certificate of deposits a relatively safe investment as compared to more “high risk” investments like stocks or mutual funds.
Certificate of deposits differ from traditional savings accounts by offering a set investment amount for a set time period. The rates for cds are typically higher than standard savings accounts, but most traditional cd’s do not allow the funds to be withdrawn without penalty until the CD’s maturity term is reached (whereas most savings accounts allow penalty free withdraws).