Entity: certificate of deposit (CD)
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certificate of deposit (CD)

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A certificate of deposit (CD) has a fixed interest rate that is guaranteed for the CD's term and does not change until the account reaches its maturity date.
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Describes how CDs deliver interest over their fixed term.
Splitting funds between fixed-rate instruments such as CDs and variable-rate high-yield savings accounts lets savers obtain a guaranteed baseline return from the CD while retaining liquidity and the ability to make deposits and withdrawals via the savings account.
high descriptive
General savings strategy to balance guaranteed returns and access to funds.