Macho Money Definitions - What Is A CD?

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Macho Money Definitions - What Is A CD?


If you hear someone use the letters “CD,” they are abbreviating the term “certificate of deposit.”  And according to Investopedia, a CD is A savings certificate entitling 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.

It can get a bit confusing, but for a more clear explanation with examples, click on the video and listen to Scott Halliwell from USAA.

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Tags: male military spouse, military family, certificate of deposit, cd, bond, investment, stock, macho money, USAA, scott halliwell, jj montanaro, saving, money, finance

 

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