certificate of deposit

noun phrase

: a money-market bond of a preset face value paying fixed interest and redeemable without penalty only on maturity

Examples of certificate of deposit in a Sentence

Recent Examples on the Web

Savers can still get a roughly 4% to 5% return from a money market fund, high-yield bank savings account or certificate of deposit, for example. —Greg Iacurci, CNBC, 21 Jan. 2025

Also, municipal bonds aren’t covered by FDIC insurance the way a certificate of deposit would be. —Liz Weston, San Diego Union-Tribune, 5 Jan. 2025

Advertisement Also, municipal bonds aren’t covered by FDIC insurance the way a certificate of deposit would be. —Liz Weston, Los Angeles Times, 29 Dec. 2024

The top yields then included promotional rates of just 0.67% on a one-year certificate of deposit, according to Bankrate.com data. —Susan Tompor, Detroit Free Press, 3 Oct. 2024

Consider locking in today’s rates by saving the extra funds in a certificate of deposit. —Nerdwallet, Boston Herald, 18 Sep. 2024

Right now, the highest promotional rate on a one-year certificate of deposit is 4.75%, according to Bankrate.com data. —Susan Tompor, Detroit Free Press, 3 Oct. 2024

Savings Perhaps the most materially negative change from rate cuts for Americans’ finances is that the high-yield savings accounts, certificate of deposit accounts and money-market funds, which offered enticing returns for savers over the last two years, will lose some of their luster. —Derek Saul, Forbes, 18 Sep. 2024

Compared with the return provided by a certificate of deposit (CD), the highest interest rate available for a CD in October 2024 (when this article went to press) was 5.0%. —Aaron Cirksena, Forbes, 17 Oct. 2024

Word History

First Known Use

1846, in the meaning defined above

Legal Definition

certificate of deposit

: a money-market bond of a preset face value (as $10,000) paying fixed interest and redeemable without penalty only on maturity (as after two years)