How do you explain a structured certificate of deposit?

Answer A structured certificate of deposit (CD) is a medium-term savings investment that offers a fixed rate of return for a specific period of time. The word "structured" here means that the CD performan... Read More »

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How do I calculate yearly deposit amounts based on total certificate of deposit amount?

Figuring the DepositAdd 1 to the interest rate per month, then raise the number to the power of the number of times the CD compounds. This is the interest factor. Divide the total amount of the CD ... Read More »

Can a 401(k) be a certificate of deposit?

A 401k can be a certificate of deposit. A certificate of deposit is an appropriate savings method for any 401K plan. It is a safest choice to protect the principal. Unlike stocks and mutual funds, ... Read More »

Is a Certificate of Deposit an IRA?

An IRA is a retirement vehicle that allows your money to grow tax-free. Traditional IRAs allow you to tax-deduct the money you put into the investment vehicle but you pay tax when you remove the mo... Read More »

Surrendering a Certificate of Deposit?

A certificate of deposit (CD) is a type of savings account designed for large sums of money kept over moderate periods of time. Like a high-yield savings account, CDs often have minimum amounts req... Read More »