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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.
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 CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty and generally higher interest rates.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 ...
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:
A no-penalty CD works much like a traditional CD, except there’s no early withdrawal fee: You deposit a lump sum of money for a set term — usually fairly short terms of 6 to 15 months.
The participation rate is the percentage at which a market-linked CD's annual return will correspond to the performance of the index it is tied to. [8] For example, an index sees a 20 percent gain, but the indexed CD has a participation rate of 80 percent. The CD will produce a return of 16 percent, which is 80 percent of 20 percent.
Benefits of brokered CDs. Longer term options. CD terms from a bank typically range from six months to five years. But with brokered CDs, you can choose from terms of one month to 20 years.
High Definition Compatible Digital (HDCD) is a proprietary audio encode-decode process that claims to provide increased dynamic range over that of standard Compact Disc Digital Audio, while retaining backward compatibility with existing compact disc players.
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 ...