What is a designer CD?

In Banking - Cds - Asked by Admin - 8 months ago

Now it is possible to find practically any combination of maturity/CD size to meet investors' needs in what are called "designer" CDs. These types of CDs are offered by many savings institutions and allow investors to invest whatever sum they want in the form of a CD. If an investor has an odd sum of money available for investment, he can obtain a CD built specifically around their requirements.

Answered by Admin - 8 months ago

Tags: designer cd, cds, what is a designer cd?

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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 designer cd?" Zuuply.com can answer them or you can browse our archives.

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What is a designer CD?

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