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Banking

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  • September 4, 2021
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Anytime Certificate of Deposit

A certificate of deposit (CD) that allows the depositor (CD holder) to get his/ her money back anytime on a specific date. The depositee (the bank) will tailor-make the CD so that its maturity matches the depositor’s desired maturity.

The interest rate earned by the CD will be determined based on this flexibility of setting the CD’s maturity date.


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