certificate of deposit (CD) n. a document issued by a bank in return for a deposit of money which pays a fixed interest rate for a specified period (from a month to several years). Interest rates on CD's are usually higher than savings accounts because banking institutions require a commitment to leave money in the CD for a fixed period of time. Often there is a financial penalty (fee) for cashing in a CD before the pledged time runs out.
JustaVisitor2007-09-10 11:33:47回复悄悄话 oh, pardon me. I just saw your answer today. i hope it is not too late to know and invest now...:)
welcome and thank you for visiting and much appreciate your answers
btw, what does "CDs" mean?
漫游2007-09-06 12:45:02回复悄悄话
To stock, bond, CDs and gold.
in Cananda, we have t-bills, commercial papers, GICs, they work in same ways with CDs in states.
certificate of deposit (CD) n. a document issued by a bank in return for a deposit of money which pays a fixed interest rate for a specified period (from a month to several years). Interest rates on CD's are usually higher than savings accounts because banking institutions require a commitment to leave money in the CD for a fixed period of time. Often there is a financial penalty (fee) for cashing in a CD before the pledged time runs out.
oh, pardon me. I just saw your answer today. i hope it is not too late to know and invest now...:)
welcome and thank you for visiting and much appreciate your answers
btw, what does "CDs" mean?