Definition of "What is a CD?"

Abelardo  Hernandez real estate agent

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Abelardo Hernandezelite badge icon

eXp Realty

A CD, or Certificate of Deposit, is an investment usually made for a given period of time at a fixed rate of interest. CDs are offered by financial institutions such as banks, and are often offered by Insurance Agencies. Note: Insurance agencies often offer better interest rates then normal financial institutions such as banks, so compare rates before Investing!

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