An interest-bearing negotiable time deposit of fixed maturity at a commercial bank. A savings instrument in which funds must remain on deposit for a specified period; premature withdrawals incur interest penalties.
Investment offered by banks, which pays stated interest at a fixed rate. Principal is returned at maturity subject to penalties for early withdrawal.
A formal document issued by a bank showing indebtedness by the bank to the holder of the CD. Time certificates of deposit are payable at a future date and usually bear a specified rate of interest.
CDs pay interest to investors for as long as five years. They offer a fixed return rate and are generally insured up to $100,000 by the Federal Deposit Insurance Corporation (FDIC).
A title to a time deposit with a commercial bank, which can be negotiated.
An arrangement between an investor and a financial institution which calls for the financial institution to pay a specific rate of interest over a set period of time. Certain deposits are FDIC insured up to applicable limits.
Certificates from a financial organisation declaring you have the funds available to pay the deposit.
A Certificate of Deposit or a savings certificate is issued for a specific deposited amount at a fixed rate of interest for a given time period. Certificates can be issued by a bank, credit union, or savings & loan association. There is usually a required minimum deposit; the maturity period can vary from a few weeks to several years; there is a penalty for early withdrawal; deposits are usually insured.
A document showing that the bearer has a certain amount of money, at a particular amount interest, on deposit with a financial institution.
A savings vehicle offered by a bank with a fixed interest rate based on the term of the CD.
A fixed-income debt security issued by most chartered banks, usually in minimum denominations of $1,000 with maturity terms of 1 to 6 years.
A Time Deposit, issued for a stated time period and noramlly paying a fixed rate of interest.
Interest-bearing deposits, usually issued by banks. A CD is a loan of a set amount of money to a financial institution for certain number of days at a predetermined interest rate.
A bank instrument that enables a depositer to earn interest on his or her money during a fixed a period of time. The rate varies depending on the amount invested and the duration of the CD.
Financial receipts or instruments issued for a stated period of time and paying a stated rate of interest. Also known as time deposit and term deposit products.
Short- or medium-term, interest-bearing, debt instrument offered by banks It is a negotiable instrument and can be sold at a discount at a short notice to raise cash
An instrument that is issued by the credit union in the name of the member stating that a certain sum of money is on deposit for a certain period of time. CDs vary widely in amount and term, and the interest rate depends on both of these factors.
A certificate issued by a bank, savings and loan association or other financial institution indicating that a specific dollar amount has been deposited with the institution for a fixed period of time at a predetermined rate of interest.
Short-term instruments issued by commercial banks.
Time deposits, in which an investor agree to place funds on deposit with a saving bank for a stated period of time; a CD bears a maturity date, a specified interest rate. The duration of a CD can be up to five years.
A loan to government and businesses issued through banks with specified maturity dates and interest rates.
A bank-offered, FDIC-insured investment that guarantees a specified rate of return for a fixed term. It's generally considered a conservative investment.
A receipt from a bank for funds deposited for a stated period of time and normally paying a stated rate of interest.
A receipt for funds that have been deposited in a bank for a specific period of time at a fixed rate of interest. Early withdrawal results in a penalty.
Certificates issued by financial institutions with a stated return or interest rate and with a set maturity. The bank pays the holder in due course at maturity.
Interest-bearing certificate issued by a bank to a depositor - especially common in the U.S.
Certificate issued by a bank or financial institution stating that an amount has been deposited for a fixed period of time at a set rate of interest- CDs are used as a source of income by cash unit trusts and help to give a return better than an ordinary deposit account.
An interest-bearing bank receipt for a specified amount of money which usually matures between three months and three years. The interest rate earned depends on the amount of money and length of time of the deposit.
A type of savings instrument that is issued by certain financial institutions in exchange for a deposit; typically requires a minimum deposit and has a maturity ranging from seven days to as long as seven or more year.
A receipt issued by a bank to a person depositing money in an account (a CD account) for a specified period of time — often six months, one year or two years. CD accounts pay interest at specified, fixed rates; banks ordinarily impose penalties for early withdrawals from CD accounts.
a banking account purchased in a specific amount for a specified period of time
a bond-type investment issued by a bank when a person or company deposits a certain amount of money for a determined amount of time
a certificate issued by a financial institution confirming a particular deposit
a contract with a financial institution that pays a contractual rate of interest over a specified period of time
a deposit where you contract to leave your money on deposit for a specific period of time for a specific rate
a document evidencing a time deposit placed with a depository institution
a financial tool that allows an investor to earn interest on their money in exchange for having to tie it up for any fixed amount of time
a great way to set aside funds and earn higher interest rates
a great way to start earning interest on your money
a low risk, often federally guaranteed investment offered by banks
a medium term investment that provides investors with an opportunity to generate a higher return than that earned from a regular savings account
a midterm to longer-term savings vehicle,
a negotiable, interest-bearing instrument with a specific maturity
an interest bearing deposit account with a fixed term
an investment with a fixed rate of interest for a specific period of time
a promise by the bank to return a customer's money to them at a set date in the future and to pay the customer a specified rate of interest according to an established schedule
a promissory note issued by a bank
a savings certificate at various denominations issued primarily by commercial banks where the holder receives interest at a specified rate upon maturity
a special kind of savings account
a special type of deposit account with a bank or thrift institution that typically offers a higher rate of interest than a regular savings account
A promise by a bank to pay an amount at maturity (usually from one month to seven years in the future), with interest, in return for a deposit of funds. You will lose interest if you take back your deposit before maturity.
This investment is similar to a bond. Money is invested with a bank for a specific period of time, usually 6 months to 5 years, and a guaranteed amount of interest is paid, plus returning the original investment when the time is up.
Savings certificate that entitle the holder to the receipt of interest. CDs are issued by commercial banks and savings and loans (or other thrift institutions).
A short-term, say 6-month or 1-year, interest-bearing investment. Usually a deposit in a bank or savings and loan.
A receipt for funds deposited into an account for a specified period of time bearing a higher rate of interest than a passbook account, if left to maturity.
An alternative to a traditional savings account. Also referred to as a CD. By depositing a fixed amount, if held for a fixed or minimum term, you will receive a fixed or variable rate of return greater than a regular savings. However, if you withdraw your money before the certificate matures you lose all interest gained.
A negotiable or non-negotiable receipt for monies deposited in a bank or financial institution for a specified period for a specified rate of interest.
a certificate from a bank stating that a customer, such as a union, has a specific sum on deposit which will earn a specific rate of interest for a specific period of time.
A type of savings account that earns a fixed interest rate over a specified period of time.
A tradable bank deposit used by institutional investors who put their money with a bank and get a three-month CD instead of having to deposit that money for three months. If their circumstances change, the institution can sell the bill in the money market. Because they are negotiable, CDs tend to pay a slightly lower rate of interest than conventional deposits.
A transferable receipt issued by a commercial bank in return for a customer's deposit of funds. The bank agrees to pay the amount deposited plus interest to the bearer on a specific future date.
A money market instrument issued by a bank. A CD is a receipt for funds deposited at a bank at some interest rate for a specified term.
A type of savings account in which a sum of money is deposited at a predetermined interest rate for a set amount of time.
savings certificate that entitles the holder to the receipt of interest; at the end of a stated period of time the interest paid and the principle are returned to the investor.
Debt instruments issued by banks and savings and loans. Maturities range from overnight to many years. Certificates of Deposit are issued at par and pay fixed interest at intervals or maturity. Can be brokered through Broker Dealer
A time certificate representing a sum of money deposited for a set length of time, such as six months
A receipt payable to the depositor (holder) for funds deposited. CDs are non-negotiable when issued to a depositor and negotiable when issued to the bearer. Negotiable Certificates of Deposit are transferable and may be endorsed to other parties. Negotiable CDs are usually written for large amounts and relatively short maturities.
A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified interest rate, and can be issued in any denomination. CDs are generally issued by commercial banks. Maturities on commercial paper rarely range any longer than 270 days.
A negotiable money market instrument issued by commercial banks against money deposited with them for a specified period of time. CDs may be redeemed before maturity either by sale in a secondary market or by early redemption (subject to a penalty).
An investment, often made with a bank, that generally provides a fixed yield for a given period of time, usually six months to five years. CDs usually carry penalties for early withdrawal of funds. Also, tax treatment of income from a CD can be a significant consideration.
An interest-bearing, negotiable instrument evidencing the deposit of funds at an institution over a fixed period of time.
Is a certificate issued by a bank that indicates a specified sum of money has been deposited. This is a debt instrument that pays interest, and interest rates are set by the forces in the marketplace.
A debt instrument issued by a bank that usually pays interest. Institutional CDs are issued in denominations of $100,000 or more, and individual CDs start as low as $100. Maturities range from a few weeks to several years. Interest rates are set by competitive forces in the marketplace.
A certificate is usually issued in a registered form and specifies the terms of a deposit with an institution. The term “certificate of deposit” is commonly used for debt instruments issued by registered banks. These instruments are normally issued at a discount for terms of less than one year.
A time deposit with a specified maturity date.
A fixed-income debt security issued by most chartered banks, usually in minimum denominations of $1000 with maturity terms of one to six years.
A debt instrument that is issued and insured by a bank. Interest payments are made to the depositor and CD maturities range from a few weeks to several years.
Evidence that the holder has deposited at a financial institution a certain amount of money for a certain period of time. By issuing a CD, a financial institution pledges to redeem the certificate at maturity and pay a certain rate of interest for use of the deposited funds.
A written certificate by a bank or financial institution stating that a fixed amount has been deposited with it for a fixed period of time at a predetermined rate of interest.
A savings account evidenced by a certificate which, if held for a fixed or minimum term, will receive a fixed or variable rate of return greater than a regular savings account.
A certificate evidencing a bank's promise pay a specified interest rate in return for a deposit made for a specified time period.
A specific sum of money deposited into a financial institution for a specified time period, and bearing a higher rate of interest than a traditional savings account if left to maturity. Does not have withdrawal privileges, as does a traditional savings account. Also may be called a time certificate of deposit (TCD).
Receipt for a time deposit issued for a specified time period and normally paying a fixed rate of interest. If the money in a CD account is withdrawn before the CD is mature, a penalty fee may be charged.
A time deposit with a maturity date that generally pays higher interest rates than other types of deposit accounts. A penalty may be assessed if funds are withdrawn before the maturity date.
an insured, interest-bearing deposit at a bank requiring the depositor to keep the money invested for a specific length of time.
Certificates of Deposit, familiarly known as CD's, are certificates issued against funds deposited in a bank for a definite period of time and earning a specified rate of return. Certificates of Deposit bear rates of interest in line with money market rates current at the time of issuance.
time deposit with a specific maturity date shown on a certificate; large-denomination certificates of deposits can be sold before maturity.
An instrument, issued by a bank or other financial institution, that is evidence of a type of savings deposit. The document includes the institution's promise to return the deposit, plus earnings at a specified interest rate within a specified period.
A form of savings deposit on which a bank pays principal and interest at a stated maturity date. For more information on LaSalle Bank products, click here.
A type of investment with a fixed maturity date that is issued by commercial banks.
CDs, as they are called, pay interest to investors for as long as five years.
A bank deposit that pays a specified rate of interest for a certain period of time.
A deposit that earns a specified interest rate for a certain time period.
certificate that indicates a specific deposit has been given to the bank, the bank pays interest on the funds until the maturity date
A type of deposit account with a minimum initial deposit and fixed term (months until maturity).The current rate will dictate how interest is earned for the term. Usually, interest payments may be added back to the CD or payable by check or deposited to another checking or savings account at the depositor's institution. Most CD's automatically renew at the end of a term at the current rate at the time of renewal.
A time deposit held in a bank which pays a certain amount of interest to the depositor.
Fixed-income debt instrument issued by most chartered banks, generally in minimum denominations of $1,000, for terms ranging from one to six years.
account in which money is deposited for a preset length of time, that must yield a slightly higher return to compensate for the reduced liquidity
Interest-bearing, short-term debt instrument issued by banks and thrifts.
A certificate given by a bank to a depositor that can be traded on the money market. The depositor is able to get high levels of interest by putting their money in the bank for a fixed term but can sell the CD to someone else to get their capital back at short notice.
(CD) A debt instrument issued by a bank that usually pays interest. Maturities range from a few weeks to several years. Interest rates are determined by competitive forces in the market.
A certificate of deposit, or CD, is a deposit that you make at a bank or other financial institution for a specified amount of time. During this time, you will receive some amount of interest, usually somewhat higher than the interest you would receive with the same deposit in a traditional savings account. If you withdraw your money before the term of the certificate of deposit has expired, you will often be charged a penalty.
A large time deposit with a bank, having a specific maturity date and yield stated on the certificate. CDs usually are issued with $100,000 to $1,000,000 face values.
a type of investment that requires you to invest money for a certain length of time and guarantees the same rate of return (interest) for that entire time. CDs usually require a minimum deposit.
Time-deposit investments issued by a bank or savings and loan with a stated date of maturity and interest rate.
A savings account in which an individual promises to deposit the money for a set period of time, and for which the bank pays higher interest than a regular savings account.
A savings account that pays an agreed upon interest rate on an amount kept on deposit for a specific period of time. Typically the funds are "locked in" for the term of the certificate, and cannot be withdrawn without a substantial interest penalty.
A debt instrument issued by a bank that usually pays interest. The date of maturity ranges from a few weeks to several years.
Also called a time deposit, a certificate issued by a bank or thrift that indicates a specified sum of money has been deposited at the issuing depository institution. A CD bears a maturity date and a specified interest rate, and can be issued in any denomination.
A deposit made (usually to a bank) for a specified period of at least one month and at most perhaps 7 years. The deposit is repaid at the end of that period. Early withdrawal is possible at a cost.
Time deposit which must be on deposit for a specific length of time.
Negotiable interest-bearing certificates by which a bank promises to repay money deposited with it for a specific time period at a specified interest rate. A "time deposit" in a bank, maturing on a specific date, and traditionally evidenced by a certificate.
Money deposited in a bank or savings and loan for a stated time period and normally paying a fixed rate of interest.
A document issued by a financial institution as proof of the ownership of a large deposit of money held with that institution. Certificates of deposit (know as CDs) are negotiable instruments and can be bought and sold in a secondary market.
A fixed-rate time deposit for which there may be a secondary market.
A certificate indicating a specified sum has been deposited.
Also called a time deposit, a CD is a certificate issued by a bank or thrift that indicates a specific sum of money has been deposited. A CD has a maturity date and a specified interest rate, and can be issued in any denomination.
A negotiable money market instrument issued by commercial banks against money deposited with them for a specified period of time. CDs vary in size according to the amount of the deposit and the maturity period, and they may be redeemed before maturity only by sale in a secondary market.
A deposit insured up to $100,000 by the FDIC at a set rate for a specified period of time.
Debt instrument issued by a bank. CD's have maturity dates from 6 months to a few years. If you needed the money during it's maturity phase, you would have to pay some sort of early withdrawal penalty. Money invested in a CD is not considered liquid. The interest rates that CD's offer are usually low.
A certificate from a bank stating that the named party has a specified sum on deposit, usually for a given period of time at a fixed rate of interest.
A type of deposit account typically with a fixed minimum term and a minimum initial deposit; interest payments may be either fixed or variable. Generally, CDs offer a higher interest rate than other deposit accounts.
A savings instrument issued by a bank for a specific dollar amount, at a fixed interest rate, for a specific time period. Individuals lend money to an institution for a set period of time ranging from a few weeks to several years. The longer the term, the higher the return.
A document which shows that the bearer has a specified amount of money on deposit with a bank, stock-brokerage firm or other financial institution.
A short-term debt security with maturity from a few weeks to several years.
A highly-negotiable short-term investment vehicle that is characterized by its set date of maturity, rate of interest, and its wide acceptance among investors, companies and institutions.
Commonly known as a "CD," certificates of deposit bear a maturity date and a specified rate of interest. Penalties may apply for early withdrawal.
A type of debt instrument offered by banks or savings and loans. (Also, CDs can be brokered by a Broker Dealer). Generally, a CD is issued for a specific dollar amount, for a specific period of time at a preset, fixed interest rate. CDs are FDIC-insured up to $100,000.
A money market instrument issued by banks. The time CD is characterized by its set date of maturity and interest rate and its wide acceptance among investors, companies and institutions as a highly negotiable short-term investment vehicle.
an amount of money a client deposits in a bank. This amount will be in the account for a fixed period of time, during which the client will receive interest. The value of a CD is guaranteed up to $100,000 by the federal government.
A negotiable certificate that evidences a time deposit of funds with a bank.
Money market instrument that is a marketable receipt for funds deposited in a financial institution for a specific period of time at a specified rate of interest.
A savings account that pays a stated interest rate on a fixed principal amount over a specified period of time.
Investment created by banks, which pays stated interest at either fixed or variable rates. If sold directly by banks, principal is returned at maturity subject only to penalties for early cashing in. If sold through brokers (called Broker CDs), principal value can vary like with bonds, and early cashing in can fetch a principal lower than amount paid.
A document issued by a bank confirming that it has received a deposit of funds and when it will repay them.
A form of time deposit at a bank or savings institution which cannot be withdrawn before a specified maturity date without being subject to an interest penalty for early withdrawal. Small-denomination CDs are often purchased by individuals. Large CDs of $100,000 or more are often in negotiable form, meaning they can be sold or transferred among holders before maturity.
When you invest in a CD you are loaning money to a bank with a specified maturity date and interest rate.
A Savings investment that is interest bearing tied to a maturity term.
A short-term debt security that matures in a specified time frame, from several weeks to several years. Called share certificates at credit unions.
a fixed-interest debt instrument issued by a bank for a specified period of time; its value is usually guaranteed by the federal government up to $100,000
CD are interest-bearing certificates and generally issued by commercial banks.
Short-term investments issued by banks that pay fixed principal and interest over a specified period of time, usually in minimum denominations of $1,000 with maturity of one to six years. Unlike mutual funds, CDs are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $100,000. CDs are subject to fluctuating rollover rates and early withdrawal penalties.
A savings certificate entitling the bearer to receive interest. CDs are generally issued by commercial banks and savings and loans.
A receipt for a time deposit for a stated period of time paying a fixed or variable interest rate. Maturities can vary. Insured by the FDIC up to the maximum allowed by law. A penalty may be assessed if funds are withdrawn before the maturity date.
Formal instrument issued by a bank upon the deposit of funds which may not be withdrawn for a specified time period. Typically, an early withdrawal will incur a penalty.
Interest-bearing certificate issued by a bank to a large depositor. Especially common in the US.
A money market instrument issued by a depository institution as evidence of a time deposit.
An agreement with a bank that you will leave your money on deposit for a specified period of time in return for a specific amount of interest.
debt instrument from a financial institution. When you purchase a CD from your credit union (usually some multiple of $500 or $1,000), you're lending it that amount for a specific period, for which you'll earn a specific amount of interest . If you want your money back early, you'll usually have to pay a penalty.
Debt instrument issued by a bank that usually pays interest based on rates set by competitive forces in the marketplace. The interest rate on a CD is guaranteed for a specific period of time.
Short- or medium-term, interest-bearing, FDIC-insured savings instrument. CDs offer higher rates of return than most other bank deposit products, in exchange for tying up invested money for the duration of the certificate's term. Money removed before maturity may be subject to an early withdrawal penalty. CDs are low risk, low return investments and are known as ‘time depositsâ€(tm) because the account holder has agreed to keep the money in the account for a specified amount of time—anywhere from three months to five years.
By a certificate of deposit a person agrees to deposit an amount of money for a period of time at a fixed rate of interest. Generally banks have such certificates and people who place their money ...
Usually called a CD, a certificate of deposit is a short – to medium – term instrument (one month to five years) issued by a bank or savings and loan to pay interest at a rate higher than that paid by a regular savings account.
A deposit with a fixed time period and a fixed rate of interest.
A money-market instrument issued by banks. Negotiable CDs trade in the secondary market. Occasionally, long-term CDs may be issued that are callable.
A document written by a bank or other financial institution that is evidence of a deposit, with the issuer's promise to return the deposit plus earnings at a specified interest rate within a specified time period.
(C.D.) -- An obligation of a financial institution to hold a deposit and to return it and to pay interest at a future maturity date.
Certificate evidencing deposit of cash with a commercial bank. Negotiable discounted security.
An instrument issued by a bank or savings and loan, which promises to repay your money at a specified date and with a specified amount of interest. CDs are often federally insured.
A certificate sold by a bank that bears a specific amount of interest and matures at a specific time. · See Also · Term Deposit
A formal receipt issued by a bank for a specified amount of money left at the bank. CDs commonly bear interest payable at a specified future date or after a specified minimum notice of intent to withdraw. Some CDs are non-interest bearing, in which case may be payable on demand or at a future date. CDs may be issued in negotiable or non-negotiable form. They are payable only upon surrender with proper endorsement and are carried on the bank's general ledger rather than on individual customer account ledgers. First Central Savings Bank offers 11 different CD terms, each paying incredible rates.
A time deposit with a specific maturity evidenced by a certificate.
A money market instrument issued by banks that has a set interest rate and maturity date. CDs may be issued for as low as $100. CDs that are in denominations of $100,000 or more are called "jumbo CDs." Maturities can range from a few weeks to several years. See: Brokered CD; Jumbo Certificate Of Deposit; Maturity Date; Money Market
A Certificate of Deposit (CD) is a note issued by a bank for a savings deposit that the individual agrees to leave invested in the bank for a certain term. At the end of this term, on the maturity date, the principal may either be repaid to the individual or rolled over into another CD. The bank pays interest to the individual, and interest rates between banks are competitive. Monies deposited into a Certificate of Deposit are insured by the bank, thus they are a low-risk investment and a good way of maintaining a principal. Maturities may be as short as a few weeks or as long as several years. Most banks set heavy penalties for premature withdrawal of monies from a Certificate of Deposit.
A contractual agreement issued by a bank that returns the investor's principal with interest on a specified date.
A negotiable certificate issued by a commercial bank as evidence of a deposit with that bank which states the maturity value, maturity rate and interest rate payable. CDs vary in size with maturities ranging from a few weeks to several years. CDs may normally be redeemed before maturity only by sale on the secondary market but may also be redeemed back to the issuing bank through payment of a penalty.
Short or medium-term, interest-bearing, FDIC-insured debt instrument offered by banks and savings and loans. It is a low risk investment vehicle with low returns, and there is usually an early withdrawal penalty.
An insured, interest-bearing debt instrument issued by a bank. Individual CDs start as low as $100 and have maturities ranging from a few weeks to several years.
A short to medium term instrument issued by a bank or financial institution stating that a certain amount of money has been deposited with it for a certain period of time at a fixed rate of interest.
Document representing that the bearer has a specified amount of money on deposit in a financial institution.