certificate of deposit Synonyms
No Synonyms and anytonyms found
certificate of deposit Meaning
Wordnet
certificate of deposit (n)
a debt instrument issued by a bank; usually pays interest
certificate of deposit Sentence Examples
- After inheriting a sum of money, he decided to invest it in a certificate of deposit to earn a higher interest rate.
- The bank offered a competitive interest rate on their certificate of deposit accounts.
- She opted for a certificate of deposit as a safe investment option for her retirement savings.
- The financial advisor recommended diversifying her portfolio by including a certificate of deposit among her investments.
- He renewed his certificate of deposit for another term to continue earning interest on his savings.
- The certificate of deposit matured after five years, and she received a lump sum payment with accrued interest.
- The bank required a minimum deposit amount to open a certificate of deposit account.
- Investors often choose a certificate of deposit for its fixed interest rate and predictable returns.
- The certificate of deposit provided a guaranteed return on investment, offering peace of mind to the investor.
- She reinvested the proceeds from her matured certificate of deposit into a new account to continue growing her savings.
FAQs About the word certificate of deposit
a debt instrument issued by a bank; usually pays interest
No synonyms found.
No antonyms found.
After inheriting a sum of money, he decided to invest it in a certificate of deposit to earn a higher interest rate.
The bank offered a competitive interest rate on their certificate of deposit accounts.
She opted for a certificate of deposit as a safe investment option for her retirement savings.
The financial advisor recommended diversifying her portfolio by including a certificate of deposit among her investments.
