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A variable-rate CD — also called a flex CD — is a type of certificate of deposit with an interest rate that can fluctuate periodically over the term of the CD based on market conditions.
📌 Dig deeper: How CDs work — and 7 types to safely boost your savings Other ways to leverage high rates. Putting your money into a CD isn’t the only way to leverage high rates. Moving a ...
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 CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty and generally higher interest rates. CDs require a minimum deposit and may offer higher ...
A CD is a time deposit account, so you’re making a commitment to keep your money in the CD for a set length of time. If you want to take money out of your CD before it matures, you’ll pay an ...
How CDs work. A CD locks in your money for a set period of time in exchange for a guaranteed APY. Understanding all the features of a CD can help you decide whether one is right for you:
Orange is a reference to the fact that red and yellow mix to orange. This correlates with the fact that CD-R and CD-RW are capable of audio ("Red") and data ("Yellow"); although other colors (other CD standards) that do not mix are capable of being burned onto the physical medium. Orange Book also introduced the standard for multisession writing.
Portable players, more so portable CD players but also some portable DVD players, that invariably include an ASP feature (Anti-Skip-protection), struggle with CD-R/RW, DVD-R/RW and DVD+R/RW discs – due to the ASP feature being enabled. This is due to the limited read capability of such write-yourself media discs over retail pressed discs.
A certificate of deposit, or CD, allows you to build up your finances as a low risk form of investment over a certain period. Learn more about how they work.