Search results
Results from the WOW.Com Content Network
Unlike with a non-callable CD, the issuer of a callable CD can call (or pay back) the CD before its maturity date. If it does, the issuer pays the CD holder a set amount and closes out the account.
Jumbo CDs: A jumbo CD is largely the same as a standard CD except that it has a higher minimum deposit requirement, usually $100,000 or more. The average rate on jumbo CDs is slightly higher than ...
If you're a savvy investor, you're likely looking for ways to diversify your investment portfolio. Callable certificates of deposit (CD) are a way to invest your money for several years with 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 CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty and generally higher interest rates.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 ...
For example, instead of buying one CD worth $30,000, you might buy three $10,000 CDs — one each at six-, 12- and 18-month terms. By doing this, one-third of your money becomes liquid every six ...
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.
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 CD locks in your money for a set period of time, also known as a term, in exchange for providing a guaranteed yield on the funds. ... A CD ladder is a strategy in which you purchase multiple CDs ...