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  2. Certificate of deposit - Wikipedia

    en.wikipedia.org/wiki/Certificate_of_deposit

    A certificate of deposit (CD) is a time deposit sold by banks, thrift institutions, and credit unions in the United States. CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty and generally higher interest rates.

  3. How do certificates of deposit work? Understanding CDs ... - AOL

    www.aol.com/finance/how-do-cds-work-220139365.html

    A brokered certificate of deposit is a CD account issued by banks or credit unions but sold through a brokerage firm or financial advisor, rather than from the bank itself. Brokerage firms work ...

  4. Time deposit - Wikipedia

    en.wikipedia.org/wiki/Time_deposit

    Unlike a certificate of deposit and bonds, a time deposit is generally not negotiable; it is not transferable by the depositor, so that depositors need to deal with the financial institution when they need to prematurely cash out of the deposit. Time deposits enable the bank to invest the funds in higher-earning financial products.

  5. Certificate of Deposit Account Registry Service - Wikipedia

    en.wikipedia.org/wiki/Certificate_of_Deposit...

    The Certificate of Deposit Account Registry Service (CDARS), was a US for-profit service that broke up large deposits (from individuals, companies, nonprofits, public funds, etc.) and placed them across a network of more than 3000 banks and savings associations around the United States.

  6. What Are the Benefits of a Step-Up CD? - AOL

    www.aol.com/benefits-step-cd-130039392.html

    As with a standard bank certificate of deposit, a step-up certificate commits your funds for the lifetime of the product. If you withdraw your money early you have to pay a penalty. In most cases ...

  7. Bank statement - Wikipedia

    en.wikipedia.org/wiki/Bank_statement

    A bank statement is an official summary of financial transactions occurring within a given period for each bank account held by a person or business with a financial institution. Such statements are prepared by the financial institution, are numbered and indicate the period covered by the statement, and may contain other relevant information ...

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