Are separate certificates of deposit equivalent to separate IRAs?

Answer Opening separate certificates of deposit equates to having separate IRAs. You can deposit up to $5,000 of after-tax income annually in each certificate of deposit (CD). If you are 50 or older, the ... Read More »

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How do certificates of deposit (cds) work?

Certificates of deposit (CD) are issued by banks and other thrift institutions, such as credit unions. When an individual buys a CD, he is paid a guaranteed interest rate for a specified period of ... Read More »

Does the value of certificates of deposit fluctuate?

Certificate of deposits, or CDs, values can fluctuate with inflation. For instance, if the yield of a certificate of deposit is 2 percent and inflation is 2 percent, then the CD will increase in va... Read More »

What year did certificates of deposit come into use?

A certificate of deposit, or CD, is a "time deposit" that allows you to earn interest on a cash deposit that you will not withdraw for a preset length of time. CDs were first introduced in 1961. Ho... Read More »

Lending on Certificates of Deposit?

Certificates of deposits are bank accounts that offer a pre-determined rate of return in exchange for a customer committing funds to the account for a specified period of time. Most banks write loa... Read More »