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Historical Cd Rates
CD is better known as Certificate of Deposit. It is a financial product and is based on time deposit, offered by financial institutions like credit unions and banks. Certificate of Deposit is very similar to savings account in banks. The difference is that, they are risk free since they are federally insured. The money put in CDs will be there in the bank itself. Two types of CDs are there. One is Bank CD which is insured by Federal Deposit Insurance Corporation (FDIC) and credit union CDs which are insured by National Credit Union Association (NCUA).
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