When were certificates of deposit first created by Congress?

Answer A Certificate of Deposit (CD) is a time deposit that is insured by the Federal Deposit Insurance Corporation (FDIC) or National Credit Union Administration (NCUA). This financial product was create... Read More »

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When were certificates of deposit first created?

Different forms of Certificates of Deposits have been around since the beginning of banking in 1791. Certificates of Deposit did not become popular until 1933 when the FDIC was created and started ... 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 »

How do certificates of deposit mature?

A certificate of deposit, (CD), is a deposit account financial institutions issue to consumers to save and invest their money. The terms of a CD can vary. A CD matures when it reaches the end of it... Read More »

How much can be made on certificates of deposit?

Certificates of deposit have interest rates varying from slightly more than 1 percent on short-term CDs to more than 3 percent on longer-term CDs (as of November 2009).Source:CD rate index