What does cd stand for in banking

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Withdrawal: Definition in Banking, How rates but also require that you leave wbat money on deposit for a set period. Most CDs require a one-time to avoid penalties and fees.

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How Does a Bank CD Work?
A certificate of deposit (CD) is a low-risk savings tool that can boost the amount you earn in interest while keeping your money invested in a relatively safe. Certificates of deposit or CDs, on the other hand, can be useful for saving and earning interest on money that you won't need in the near-term. A certificate of deposit, also called a "CD," is a savings tool that offers low risk while increasing earnable interest.

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When the CD hits maturity, you will receive the original amount you invested plus the interest accrued. Find lesson plans to help clients and members of your communities better understand their finances. Generally, the longer the terms, the higher the rates. Interest rates are variable and subject to change at any time.