What is a certificate of deposit assessment rate?

Answer The certificate of deposit assessment rate is the locked-in rate for which a person purchases a certificate of deposit. This rate will remain the same for the duration of the certificate of deposit... Read More »

Top Q&A For: What is a certificate of deposit assessment rate

What has been the highest certificate of deposit interest rate?

According to information from the Federal Reserve Board's Certificate of Deposit Index, the highest interest rate on record was 16.69 percent in October 1981. The lowest value of the index is the ... Read More »

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 »

What does certificate of deposit mean?

A certificate of deposit is a bank account that returns a fixed rate of interest for a fixed period of time. These accounts are covered by FDIC insurance, but impose a high early withdrawal penalty... Read More »