What is a certificate of deposit?
A certificate of deposit, also known as a CD, is an investment instrument that provides mid to long-term stability. CDs are typically fixed rate, in other words, the investor and bank agree upon an interest rate at the opening of the account, and this rate stays constant until the CD matures. However, there are certificate of deposit arrangements in which consumers can choose to hike up the interest rate one time during the term of the investment. CDs have been considered ?secure? investments when compared to options like mutual funds, stocks, and private equity investments. The banking institution which supports your CD may charge you a significant penalty fee if you remove all or part of your monies before the certificate matures. That said, you may be able to garner some of the interest you earn as the CD grows, just bear in mind that the money you skim from your CD won’t be available to help your investment compound.
A Certificate of Deposit (CD) is a savings certificate that entitles the holder to receipt of interest. CDs tend to offer higher interest rates than a traditional savings accounts because the holder commits to a fixed rate for a set term. And Costco members receive an exclusive rate on CDs. Capital One offers CDs in terms of 18 months, 3 years, 5 years and 7 years with a minimum investment of $5,000. Costco Executive Members get a $60 bonus interest credit and Gold Star and Business Members get a $20 bonus interest credit on your CD.* To qualify, this must be your first Direct Banking account of any kind opened through the Costco program. Capital One offers CDs in terms of 18 months, 3 years, 5 years and 7 years with a minimum investment of $5,000.
A Certificate of Deposit (CD) is a savings certificate that entitles the holder to receipt of interest. CDs tend to offer higher interest rates than traditional savings accounts because the holder commits to a fixed rate for a set term. Capital One offers CDs in terms from 6 months to 10 years with a minimum investment of $5,000. No fees to open or maintain your account As long as you don’t withdraw money before the term of the CD expires, you won’t pay any fees. FDIC insured to at least $250,000 per depositor You know your money is safe with us. The Federal Deposit Insurance Corporation (FDIC) now provides insurance on deposits in Capital One Bank (USA), N.A. and Capital One, N.A., to at least $250,000 per depositor, per ownership category. This increase to $250,000 is currently approved until December 31, 2009. For example: Individual and joint accounts are insured separately. This means that if you have both an individual and joint account in each of our institutions, your total dep
