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Certificates of Deposit

A certificate of deposit, or CD, is a savings tool that has a fixed interest rate and fixed date of withdrawal, known as the maturity date. In order to qualify as a time deposit, a CD must have a penalty for early withdrawal.

Why you might benefit from a CD

CD's are beneficial when you're certain you won't need access to your saved cash during the duration of the term length and are a great way to grow your savings. They have flexible term lengths, competitive rates and allow ease for future planning.

 

 

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