Certificates of Deposit (CD) are accounts that lock a client's investment into an interest rate for a selected period of time. They provide a guaranteed return rate no matter how much the market fluctuates. CDs are ideal for short-term savings.
Definition
Certificates of Deposit (CD) are accounts that lock a client's investment into an interest rate for a selected period of time. They provide a guaranteed return rate no matter how much the market fluctuates. CDs are ideal for short-term savings.