These resources are brought to you by the Cooperative Extension System and your Local Institution

Personal Finance Home

Have a question? Try asking one of our Experts

CD

Last Updated: November 14, 2006

View as web page


A fixed amount of money deposited with a financial institution for a specified amount of time. An acronym for certificate of deposit, CDs are sold by banks with principal insured by the Federal Deposit Insurance Corporation (FDIC). Brokerage firms may also sell CDs. Interest paid on CDs varies with the amount deposited and the length of time the money is invested.

Browse related Articles by tag: personal finance, financial security: consumer education, glossary, financial security: saving and investing


Have a specific question? Try asking one of our Experts

Unlike most other resources on the web, we have experts from Universities around the country ready to answer your questions.