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Review:

Certificate Of Deposit

overall review score: 4.5
score is between 0 and 5
A certificate of deposit (CD) is a time deposit where money is deposited for a specified period of time at a fixed interest rate.

Key Features

  • Fixed interest rate
  • Specified period of time
  • Low risk investment

Pros

  • Low risk investment option
  • Fixed interest rate offers predictability
  • Can help diversify investment portfolio

Cons

  • Funds are locked in for a specified period
  • Penalties for early withdrawal
  • Limited liquidity

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Last updated: Sat, Mar 1, 2025, 01:15:59 PM UTC