A CD is a special type of deposit account that offers a higher rate of interest than a regular savings account. It offers great flexibility because you determine the amount to be deposited and the maturity date.

A certificate of deposit (or CD) is a short- to medium-term, interest-earning, FDIC-insured investment. CDs offer a higher interest rate than other liquid savings accounts, as well as provide a guaranteed rate for a specific term. If you’re looking for a higher return rate with a guaranteed return and don’t need regular access to your money, then you should consider a CD. See similar questions...

For both the schemes, the minimum deposit amount is Rs.10000/-. Additions can be made in both schemes in multiples of Rs.1000/- See similar questions...

Do you have a savings goal in mind? Use one of our calculators to determine how long it will take to reach your goal. For more information on Personal Finance Options, click here to send us your questions, or contact us at 1-800-946-4178. Home | Contact Us | Careers | Branch Locator | Site Map | FAQs | Privacy Statement | Legal Information See similar questions...

No. There are no fees associated with opening a Certificate of Deposit. In fact, the incoming wire fee is waived for individuals who wish to have our fastest processing to open their new accounts. See similar questions...

If you request a New Account Form by phone, you will receive the same documents that are available on our website. See similar questions...

Yes. As with most banks, fees may be charged for servicing your account. Please refer to the Deposit Product Rules and Regulations for full fee disclosures, which can be obtained by downloading the New Account Form or by calling (302) 656-SAVE. See similar questions...

Certificate of Deposits are very safe investment vehicles with no market risk and are insured by the FDIC for up to $100,000. However, if you have over $100,000 at one bank, the amount might not be covered by insurance. With the wide variety of CD's offered at Firstrade, you can easily make the safest arrangements for your money. See similar questions...

No. As the interest would already have been paid (monthly / quarterly) such a conversion is not possible. See similar questions...

Statement of Statutory Accounting Principles No. 26 provides that CD's with more than one year to maturity (when issued) are bonds. When filed, the SVO will usually assign the credit quality of the issuing bank entity to the CD. You should complete a Valuation Information Memorandum (VIM) and submit it with a completed Initial Filing ATF. ATF must be submitted for every issue owned by an insurer. The "financial statements" message applies only to Annual Updates. See similar questions...

No, an economic interest does not include an interest in a time deposit (for example, Certificate of Deposit) or demand deposit (for example, savings account in a financial institution) or in a money market fund with assets of at least $10,000,000. See similar questions...

Yes. You can have your monthly interest deposited directly into a Money Market Account. However, you must first open a Money Market Account and supply an initial deposit of $500 before taking advantage of this option. See similar questions...

You should view it yourself before taking it to a physician’s office, so you can answer any questions a physician may have about the CD. See similar questions...

COD means Certificate of Deposit. You can log on using your Certificate of Deposit number by choosing this account type. See similar questions...

There are two types of e-mail alerts that you may request to receive on the Account Alerts page for your certificate of deposit account(s). Learn more about Priority Alerts. See similar questions...

Yes, you can sign up to receive electronic statements on your Certificate of Deposit account(s). An e-mail notification will be sent to you each month when your statement is available to view online. Learn more about eStatements. See similar questions...

You can contact Deposit Customer Service at (302) 656-SAVE Monday through Friday from 8:00 am to 5:00 pm Eastern Time (ET). See similar questions...

Interest Rate is a simple rate for calculating interest. Annual Percentage Yield (APY) is a compounded annual rate, the result of interest rolling on top of interest. For example, if the interest on a savings account is added monthly onto the principal and the interest is recalculated every month based on the new balance, then its APY will be greater than its simple interest rate. If the interest is not compounded, i.e. See similar questions...

This depends on the amount of money you are able to invest. You can open a Traditional CD with as little as $1,000 ($5,000 for one-month term). However, the minimum amount to open a Liquid CD is $5,000. See similar questions...