What is a Variable-Rate Certificate of Deposit (CD)? A Variable-Rate Certificate of Deposit (CD) is a type of financial product that offers investors the opportunity to earn a variable interest rate on their investment. Unlike traditional fixed-rate CDs, which offer a fixed interest rate for a predetermined period of time, … …
What is an Uninsured Certificate of Deposit? An uninsured certificate of deposit (CD) is a type of investment that offers a fixed rate of return over a specified period of time. Unlike traditional CDs, which are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor, uninsured … …
Negotiable Certificate of Deposit Definition A negotiable certificate of deposit (CD) is a type of time deposit offered by banks and other financial institutions. It is a fixed-term investment that pays a specified interest rate over a predetermined period of time. Unlike regular CDs, negotiable CDs can be bought and … …
Jumbo Certificate of Deposit CD Meaning A Jumbo Certificate of Deposit (CD) is a type of financial instrument offered by banks and credit unions. It is similar to a regular CD, but with a higher minimum deposit requirement. The term “jumbo” refers to the large amount of money that needs … …