Certificate of Deposit - CD

A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified interest rate and can be issued in any denomination. CDs are generally issued by commercial banks.


Technically, a certificate of deposit is a promissory note on which the maker is a bank.

CDs under $100,000 are called "small CDs"; CDs for more than $100,000 are called "large CDs" or "jumbo CDs". Almost all large CDs, as well as some small CDs, are negotiable.




Money Market Tutorial - If your investments in the stock market are keeping you from sleeping at night, it's time to learn about the safer alternatives in the money market.

Latest Money Market Quotes - Updated quotes on CDs, Bonds, T-bills, Treasuries, etc straight from the Federal Reserve website.
Related Terms

Bankers' Acceptance (BA)

Brokered Deposit

Commercial Paper

GIC

Interest Rate

Jumbo CD

Maturity Date

Money Market

Negotiable Certificate Of Deposit

Promissory Note

Word Search:

Categories