Certificate of Deposit (CDs)

A Yankee Certificate of Deposit (CD) is a CD that is issued in the United States by a bank that is located in a foreign country. What is a certificate of CD? When you open a CD, you agree to keep your money on deposit for a specific period of time. In exchange, the bank … Read more

A certificate of deposit, or CD, is a type of savings account that has a fixed interest rate and a fixed term of investment. CDs are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor, per bank. CDs typically offer a higher interest rate than a traditional savings account, and the … Read more