2.5-year CD

Over 2200 Glossary Terms

2.5-year CD

A 2.5-year CD (certificate of deposit) is a savings instrument that pays a fixed rate of interest and remains in effect for a period of 18 months. Funds cannot be withdrawn earlier than the 18-month expiration without penalty. Bank-issued CDs are insured by the FDIC for amounts up to $100,000 per depositor.

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