Term:When youopen a CD, you have to select a term, which is the length of time the money remains in the account. For example, if you open a CD with a one-year term, you agree to keep your money in the account for one year. After the CD’s term ends, theCD maturesand you ma...
Once the maturity date is reached, investors have several options open to them. One option is to have the accrued interest transferred into a savings orand renew the CD for another period of time. The second approach is to reinvest both the principal and the interest for another interest-bea...
What is a CD? A certificate of deposit, or CD, is a type of savings account with a fixed interest rate that’s usually higher than the rate for a regular savings account. A CD also has a fixed term length and a fixed withdrawal date, known as ...
Home›Finance›Corporate Finance›What is a Maturity Date of a Note? Definition:The maturity date of a note is the time and date when the interest and principal is due in full and must be repaid. A note or promissory note is a written promise to a pay specific amount of money at...
What is a high-yield savings account and how does it work? What to look for in a high-yield savings account What is a CD and how does it work? What to look for in a CD account How to choose between a high-yield savings account and a CD?
1-year CD1.7% CD rate data is from internal Bankrate averages. What is a good return on investment? There is no simple answer to define what a good return on investment is. You’ll need some additional context on the risk you’re accepting with the investment and the amount of time yo...
A maturity date is the date on which the principal amount of a note, draft, acceptance bond, or otherdebt instrumentbecomes due. It also refers to the termination or due date on which an installment loan must be paid back in full. As such, the relationship between the debtor and creditor...
A callable certificate of deposit (CD) offers a higher interest rate than a traditional one, but with the condition that the issuing bank has the right to "call" or redeem the CD before its maturity date. What Is a Callable Certificate of Deposit (CD)?
A CD ladder is an investing strategy which you buy multiple certificates of deposit (CDs) with different maturity dates. Learn how to build a CD ladder.
Is a No-Penalty CD a Good Place for my Savings? A no-penalty, or liquid, CD could be a good place to park your savings as long as you don’t think you’ll need the money immediately—for example, if you’ll likely only need the money in a few months for a vacation. Despite th...