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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 CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty and generally higher interest rates.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 ...
Use Bankrate’s CD ladder calculator to help build a CD ladder that fits your budget and timeline. Types of CDs While all types of CDs involve stashing money away for a designated term, some CDs ...
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.
CDs and share certificates are useful when saving for a specific goal, such as a vacation fund. You can choose a term that aligns with the goal, so that the money becomes available when you need it.
The ReWritable Audio CD is designed to be used in a consumer audio CD recorder, which will not (without modification) accept standard CD-RW discs. These consumer audio CD recorders use the Serial Copy Management System (SCMS), an early form of digital rights management (DRM), to conform to the United States' Audio Home Recording Act (AHRA).
The 74-minute playing time of a CD, which is longer than the 22 minutes per side [95] [96] typical of long-playing (LP) vinyl albums, was often used to the CD's advantage during the early years when CDs and LPs vied for commercial sales. CDs would often be released with one or more bonus tracks, enticing consumers to buy the CD for the extra ...
There are a few strategies, such as CD laddering, that can be used to increase the utility of CDs. Like saving and checking accounts, CDs at banks are protected by the Federal Deposit Insurance Corp.
DVDs and Blu-rays use similar methods (see Optical Disc § Optical disc manufacturing). A CD can be used to store audio, video, and data in various standardized formats defined in the Rainbow Books. CDs are usually manufactured in a class 100 (ISO 5) or better clean room, to avoid contamination which would result in data corruption. They can be ...