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What Is A Jumbo Cd?
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1 Answers
Jumbo Cds have Higher Denominations Than Regular Certificate Of Deposits, And Allow Investors To Deposit A Certain Amount Of Money And Receive Interest. These Investments Are Considered Low-Risk, Stable Investments For Large Investors. They Typically Pay Interest At A Higher Rate Than Lower Denomination cds
Are CD rate calculators accurate?
Asked by unknown
1 Answers
Yes, if you enter the right amount, then the calculator displays the exact amount of interest you will get on your CD. The calculators are effective only if you enter the right details.
Is Certificate Of Deposit And Fixed Deposit Same?
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1 Answers
Certificates of deposit and fixed deposits (also called timedeposits) are essentially the same thing. Some banks even refer to fixed depositsas CDs. Both CDs and fixed deposits will pay interest more than "passbook" savings accounts, where money can be withdrawn at any time.