The document is a certificate of deposit (CD) that provides information about CDs. It discusses that CDs are savings products offered by banks and credit unions that are insured by the FDIC or NCUA. CDs offer higher interest rates than savings accounts but require keeping the funds in the CD until maturity without facing penalties for early withdrawal. The document also lists different types of CDs and compares the pros and cons of CDs to other savings options.

1. ~Certificate of Deposit~
:D
BY:
AROMIE “YOLO” KIM –KAMI NEE SAMA SENPAI
MR.MOE
#IANSITO
F T . J T Y E S !
THUGLIFE
SWAGGER

2. What are you? CD don’t hurt me…don’t hurt
me…no more~
Certificates of Deposit or CDs for short, are
commonly offered by saving and loaning
companies, banks and credit unions. CDs are
similar to saving accounts but are insured so
they’re much less risky. CDs are insured by
the Federal Deposit Insurance
Corporation (FDIC) for banks and by
the National Credit Union
Administration (NCUA) for credit unions. The
thing about CDs though is that they are
expected to be held until they have matured
during an established length time.

3. NEVER GONNA GIVE YOU UP
NEVER GONNA LET YOU DOWN
 The certificate of deposit that gives back the most
money is the High Yield CD
 The company that offers the best rate is CIT Bank
with 1.070% compounded daily and a minimum
deposit of 25,000
 The safest CD in a fluctuating economy is Liquid
because you can withdraw a portion of your deposit
without paying a withdrawal fee

4. The Types of ……………
Traditional
Bump –Up
Liquid
Zero-coupon
Callable

5. Que Es Los Pros de CEEDEES
 They are safe: the principal will be heavily guarded. Make sure
that you make certificates at an FDIC-insured bank or NCUA-
insured credit union.
 If anything happens to your principal, you will be reimbursed
up to $100,000.
 Even though economy is unstable, the insurance will lower
any risk you take in stock market.
 Rate of return on CDs is higher than savings account.
 Great for saving up on costly items.
 You earn interest.
 Good for those who want low-risk investments that can be
easily converted into cash.

6. Wah ARRRR the Cons of CeeDees
 You can’t withdraw funds on demand; if you do, you may
need to pay a penalty.
 In inflation, the rate of return may lower or the interest
can be canceled.
 In this case, you can become limited in what you
purchase. You may as well keep your money in a savings
account so you can take money whenever you want.
 Time period can range greatly and can be a hindrance
when you want money now before the CD matures.
 Rate of return may be lower than riskier methods of
investment.