certificates of deposit

Cultural  

1. Bonds issued by banks and savings and loan associations to individual investors. CDs have terms ranging from a few months to several years; in general, the longer the term, the higher the interest rate that they bear. At the expiration of the term, investors may withdraw both the principal and the accrued interest. Penalties are imposed for early withdrawal.

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Example Sentences

Years ago, he opened six certificates of deposit, one for each of his children.

From MarketWatch • May 27, 2026

Rates on many savings accounts or certificates of deposit are set competitively.

From The Wall Street Journal • Dec. 13, 2025

One obvious answer is certificates of deposit, which promise a fixed interest rate for a set term, such as one, three, or five years.

From Barron's • Dec. 11, 2025

My goal now is not so much to grow the money substantially, but to avoid paying taxes on my investments, as I would have to do with certificates of deposit.

From Los Angeles Times • Dec. 29, 2024

Before Paul could nurse it further, he had sprinted off up the street like mad, chattering to himself about the desirability of returning immediately with his certificates of deposit.

From Golden Stories A Selection of the Best Fiction by the Foremost Writers by Various