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What is a CD (Certificate of Deposit)?

April 26, 2017CD Certificate of Deposit

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What is a CD (Certificate of Deposit)?

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Certificates of Deposit (CD) have potentially higher dividends than regular savings accounts, and they are not meant to be transactional accounts. The life of your CD is its “term”, and each term has a different dividend yield. For information on CD requirements and restrictions, see the BECU Consumer Account Disclosure (pdf) or Small Business Services Account Disclosure (pdf).