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How do CDs Word

How do CDs Word - The consumer who opens a CD may receive a...

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How CDs workCDs typically require a minimum deposit, and may offer higher rates for larger deposits. In the US, the best rates are generally offered on "Jumbo CDs" with minimum deposits of $100,000. However there are also institutions that do the opposite and offer lower rates for their "Jumbo CDs".
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Unformatted text preview: The consumer who opens a CD may receive a passbook or paper certificate. It is now common for a CD to consist simply of a book entry and an item shown in the consumer's periodic bank statements; that is, there is usually no "certificate" as such....
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