A variety of conservative investment instruments that feature a fixed interest rate paid throughout their deposit term. A fixed rate makes investment planning simpler because the final amount of profit realized is known before the money is deposited. This approach to investing may be particularly useful for individuals who know they will need access to their investment funds after a specific time horizon.
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- Fixed-Rate Certificate of Deposit DEFINITION - Subjectmoney.com
Definition of Fixed-Rate Certificate of Deposit - Finance Dictionary, Articles, Tutorials, Lessons, Study Help & More.