certificate of deposit

American  

noun

1. a written acknowledgment of a bank that it has received from the person named a specified sum of money as a deposit, often for a fixed term at a specified interest rate. CD, C.D., C/D, c/d

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certificate of deposit British  

noun

1.  CD.  a negotiable certificate issued by a bank in return for a deposit of money for a term of up to five years

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Example Sentences

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

From The Wall Street Journal

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

High-yield savings accounts are more liquid than certificates of deposit, meaning you can take your money out more easily, with withdrawals usually limited to half a dozen per month.

From MarketWatch

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

With the stock market so high, I have suggested that he might want to sell the investments, take the tax hit and consolidate into short-term certificates of deposit or similar.

From Los Angeles Times

Related Words

• time deposit