certificate of deposit

Noun

Meaning

a debt instrument issued by a bank; usually pays interest

Source: WordNet

Synonyms

Hypernyms

Hyponyms

Examples

Although West Suburban Bank’s certificate of deposit (CD) accounts require high opening deposits, they offer some of the we’ve examined among community banks. Source: Internet

However, if a return on your deposits is a priority, you may want to open a higher interest account, like a certificate of deposit (see below). Source: Internet

If you want an intermediate length certificate of deposit, the Capital One 360 2-Year CD Account is your best option. Source: Internet

Your money is not locked away, like in the case of a CD, or certificate of deposit. Source: Internet

Close letter words and terms