The feature of a certificate of deposit (CD) is that money can be fixed for some period of time.
What is certificate of deposit ?
A certificate of deposit (CD) can be described as the savings account which is hep to hold fixed amount of money so that it can be saved for some period of time.
It should be noted that this period could be six months, one year, or five years, and in exchange, the issuing bank pays interest.
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