About CD Rates

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CD rates, or certificate of deposit rates, are the rates for an investment vehicle that is offered at most banks. Do research in financial newspapers to find the best CD rates with help from a licensed insurance agent in this free video on retirement planning and personal finance.

Part of the Video Series: Retirement Planning
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Video Transcript

Hi, My name is Bill Rae. I'm a licensed insurance agent and today we're going to talk about CD rates. First of all let's start off with the definition of CD. What does it really stand for? CD usually stands for certificate of deposit. It's an investment vehicle that's offered at most all banks. Certificates of deposits can be for varying lengths of time such as three months, thirty days, six months, one year, two year, five year. Certificates of deposit generally will pay you interest on that certificate and are generally a taxable vehicle. The best way to find out what the best rates are in CDs of course is to do a little shopping. Most good financial newspapers will have a list of the local CD rates and national CD rates. So again, depending on your reasoning for going in to a CD, shop around, do your homework. Not all CDs are created equal. I'm Bill Rae, licensed investment and that's my tip of the day.

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