Categories
Investments glossary

Variable-Rate Certificate of Deposit (CD)


Warning: Zend OPcache API is restricted by "restrict_api" configuration directive in /srv/users/serverpilot/apps/goldoildrugs/public/wp-content/plugins/tubepress/vendor/tedivm/stash/src/Stash/Driver/FileSystem.php on line 253

Warning: Zend OPcache API is restricted by "restrict_api" configuration directive in /srv/users/serverpilot/apps/goldoildrugs/public/wp-content/plugins/tubepress/vendor/tedivm/stash/src/Stash/Driver/FileSystem.php on line 253
Spread the love
Quotes of the day:

Drugs are not always necessary, but belief in recovery always is.

— Norman Cousins

A variable-rate certificate of deposit (CD) is a product offered by banks and credit unions that has a fixed term but a fluctuating interest rate. Several factors determine this CD’s rate, such as the prime rate, the consumer price index (CPI), treasury bills, or a market index. The basis for the amount paid out is on a percentage difference between the beginning index and the final index. The Federal Deposit Insurance Corporation (FDIC) protects variable-rate and other CDs.


We uses YouTube API Services.
Click to rate this post!
[Total: 0 Average: 0]