In Banking - Cds - Asked by Admin - 8 months ago
A certificate of deposit (CD) which is not insured against losses. Due to the lack of insurance, these CDs yield a higher interest rate, as the purchaser assumes all of the risk. In the event that the financial institution that issued the CD goes bankrupt.
Answered by Admin - 8 months ago
Tags: uninsured cd, cd, what is an uninsured 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 an uninsured cd?" Zuuply.com can answer them or you can browse our archives.
