Ads
related to: jumbo cd meaning in banking information sheet sample freebankrate.com has been visited by 100K+ users in the past month
onlinefinance.net has been visited by 100K+ users in the past month
top6.com has been visited by 100K+ users in the past month
Search results
Results From The WOW.Com Content Network
A jumbo CD is a certificate of deposit that requires a higher minimum deposit — typically $100,000. Like regular CDs, jumbo CDs come with a fixed interest rate and maturity term.
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 CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty and generally higher interest rates.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 ...
Certificates of Deposits, or CDs, often called "share certificates" at credit unions, offer higher interest rates than most savings accounts. If you are willing to keep your money tied up for a ...
Generally, the longer the term of deposit, the higher is the rate of interest but a bank may offer a lower rate of interest for a longer period if it expects interest rates, at which the Central Bank of a nation lends to banks ("repo rates"), will dip in the future.
A jumbo CD is a certificate of deposit that requires a minimum of $100,000 to open the account. Like regular CDs, jumbo CDs come with a fixed interest rate and term.