In Banking - Cds - Asked by Admin - 8 months ago
You should receive a disclosure document when you purchase a CD which tells you the terms of the CD. This document should disclose the interest rate, how often the bank pays the interest (daily, monthly), whether the CD is fixed or variable, whether or not the CD is callable, and the term of the CD.
Answered by Admin - 8 months ago
Tags: banking, banks, cd, banking cd, what is a disclosure document for a cd?
If you have cash sitting in the bank and are scared to invest it into something or have a reason not to invest a CD might be a good option. CDs are a way to make a higher percentage from the bank each year. CDs come in different time periods and rates. If you have questions about CDs or need the answer to questions like "what is a disclosure document for a cd?" Zuuply.com can answer them or you can browse our archives.
