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What is the benefit of doing a certificate of deposit?

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asked Aug 2, 2012 in Certificate of Deposit by CEdmiston Inquisitive Expert (5,220 points)
   

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A savings certificate entitiles the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate and can be issued in any denomination. CDs are generally issued by commercial banks and are insured by the FDIC. The term of a CD generally ranges from one month to five years.
answered May 9, 2013 by jlopez Inquisitive Expert (23,000 points)

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