certificate of deposit
31Bump-Up Certificate of Deposit - Bump-Up CD — A savings certificate entitling the bearer to take advantage of rising interest rates with a one time option to bumping up the interest rate paid. The bump up certificate of deposit (bump up CD) yields a lower rate than that of a similar… …
32Variable-Rate Certificate Of Deposit — A certificate of deposit (CD) with a variable interest rate. The rate can be determined by a number of mediums, such as the prime rate, consumer price index, treasury bills or a market index. The amount paid out is usually based on a percentage… …
33Uninsured Certificate Of Deposit — A certificate of deposit (CD) which is not insured against losses. Due to the lack of insurance, these CDs yield a higher interest rate, as the purchaser assumes all of the risk. In the event that the financial institution that issued the CD goes …
34Yankee Certificate Of Deposit — A certificate of deposit issued by a foreign bank in the United States. As they usually have a minimum face value of $100,000, Yankee certificates of deposit are generally used by institutional and other large investors looking to invest funds in …
35Brokered Certificate Of Deposit — A certificate of deposit (CD) that is purchased through a brokerage firm, or from a sales representative other than a bank. The bank is still the initiator of the CD, but has outsourced to firms that strive to locate potential investors. A higher …
36Callable Certificate Of Deposit — An FDIC insured certificate of deposit (CD) that contains a call feature similar to other types of callable fixed income securities. Callable CDs can be redeemed (called away) by the issuing bank prior to their stated maturity, usually within a… …
37Fixed-Rate Certificate of Deposit — A certificate of deposit (CD) which has a set interest rate to be paid throughout the entire lilfe of the investment. There are many types of fixed rate CDs, such as liquid CDs, brokered CDs, callable CDs and traditional CDs. This a great… …
38Index-Linked Certificate Of Deposit — A certificate of deposit (CD) with a return based on a specific index. These CDs are purchased for a fixed price. There is a chance for a high return, depending on the outcome of the index, and there is no risk of a loss as the CD is FDIC insured …
39Liquid Certificate Of Deposit — A certificate of deposit (CD) that allows withdrawls to be made, without penalty, from the account. The major upside to this type of CD is that your money is accessible to you if you need it throughout the term. The downside is that the interest… …
40Negotiable Certificate Of Deposit (NCD) — A certificate of deposit with a minimum face value of $100,000. These are guaranteed by the bank and can usually be sold in a highly liquid secondary market, but they cannot be cashed in before maturity. Due to their large denominations, NCDs are …
