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
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
If so, keep that amount in a high yield savings account, a money market account, or a short-term certificate of deposit.
—Jennifer Morris, The Mercury News, 8 July 2024
Bread Financial , once home of the 5.25% yield on a 1-year certificate of deposit, has dialed back its rate.
—Darla Mercado, Cfp®, CNBC, 26 July 2024
Now, on to something more business-y. For the kitchen-table investor with a little money to spare, now might be an ideal time to consider investing in a certificate of deposit.
—Daniel De Visé, USA TODAY, 26 June 2024
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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
If so, keep that amount in a high yield savings account, a money market account, or a short-term certificate of deposit.
—Jennifer Morris, The Mercury News, 8 July 2024
Bread Financial , once home of the 5.25% yield on a 1-year certificate of deposit, has dialed back its rate.
—Darla Mercado, Cfp®, CNBC, 26 July 2024
Now, on to something more business-y. For the kitchen-table investor with a little money to spare, now might be an ideal time to consider investing in a certificate of deposit.
—Daniel De Visé, USA TODAY, 26 June 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 21 Nov. 2024.
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