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What is a bank CD Investment? What is the minimum amt and when it is available?

April 26, 2017AMT Bank Business CD Finance Investing Investment minimum

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What is a bank CD Investment? What is the minimum amt and when it is available?

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A certificate of deposit is a fixed deposit account issued by banks that pays a certain amount of interest over a pre-determined period of time. Your money is locked up for that time while paying interest, and there is a penalty for early withdrawal (10% plus income tax.) Most minimums required are $1,000 to open a CD account.