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
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
Getty Images Holding cash — perhaps in a high-yield savings account, a certificate of deposit or a money market fund — is generally sensible for people building an emergency fund or for those saving for short-term needs like a down payment for a house.
—Greg Iacurci, CNBC, 16 Sep. 2024
While the interest in a high-yield savings account can go up or down based on the Federal Reserve’s benchmark rate, the interest on a certificate of deposit can be fixed for a set period of time, meaning no fluctuations in returns for the duration of the term.
—Sarah Min, CNBC, 19 July 2024
The annual percentage yield on a five-year certificate of deposit has jumped to 2.87%, up from 0.5% in March 2022, according to Haver.
—Darla Mercado, Cfp®, CNBC, 18 Sep. 2024
For instance, opening a high-yield savings account or a certificate of deposit (CD) only takes a bit of research up front, plus some time invested in opening the account.
—Becca Stanek, theweek, 29 Aug. 2024
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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
Getty Images Holding cash — perhaps in a high-yield savings account, a certificate of deposit or a money market fund — is generally sensible for people building an emergency fund or for those saving for short-term needs like a down payment for a house.
—Greg Iacurci, CNBC, 16 Sep. 2024
While the interest in a high-yield savings account can go up or down based on the Federal Reserve’s benchmark rate, the interest on a certificate of deposit can be fixed for a set period of time, meaning no fluctuations in returns for the duration of the term.
—Sarah Min, CNBC, 19 July 2024
The annual percentage yield on a five-year certificate of deposit has jumped to 2.87%, up from 0.5% in March 2022, according to Haver.
—Darla Mercado, Cfp®, CNBC, 18 Sep. 2024
For instance, opening a high-yield savings account or a certificate of deposit (CD) only takes a bit of research up front, plus some time invested in opening the account.
—Becca Stanek, theweek, 29 Aug. 2024
Dictionary Entries Near certificate of deposit
Cite this Entry
“Certificate of deposit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/certificate%20of%20deposit. Accessed 30 Dec. 2024.
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