What Is a Fixed Rate CD?

Answer A fixed rate certificate of deposit (CD) is a type of interest-bearing account commonly offered by banks and other financial institutions. Certificate of deposit accounts are similar to traditional... Read More »

Top Q&A For: What Is a Fixed Rate CD

What Is the Difference Between a Fixed Rate & Flat Rate?

The terms "fixed rate" and "flat rate" sound interchangeable in nature but, in fact, are not. These are terms that express constancy of price and percentage from the separate viewpoints of consumer... Read More »

Differences Between Fixed Rate & Floating Rate?

Interest rate is the rate of interest that a lender charges the debtor, as if it were the price the debtor is paying for the loan the lender has given him. Depending on the type of loan and the len... Read More »

What is a fixed rate?

A fixed rate of interest remains steady over a predetermined period of time, such as over the life of a loan or until maturity date of an investment. A fixed rate does not rise or fall. The opposit... Read More »

What is a jumbo fixed rate?

In the mortgage industry, a jumbo fixed rate mortgage is a type of loan that allows a borrower to purchase a large loan at a fixed rate for the life of the loan. In most markets, a jumbo mortgage i... Read More »