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Certificate of Deposit

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Home Real Estate Terms Glossary Certificate of Deposit

What is a Certificate of Deposit?

Credit unions and banks offer a CD or certificate of deposit product. The idea behind CD is to offer an interest rate premium so long as the customer concurs to not touch the deposit for a specific period. In 2021, most financial institutions provide a CD with flexible terms and conditions.

Certificate of Deposit Examples

Examples of Certificate of Deposit include:

  • Example 1: Liquidity CD
  • Example 2: Step-Up CD
  • Example 3: Jumbo CD
  • Example 4: Bump Up CD
  • Example 5: Brokered CD

Here is a comprehensive article about the certificate of deposit.

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