Hi I’m Jessica Smith and this is what is a certificate of deposit.
When you have anyextra money or discretionary money if you will take it to the bank and in turn theywill give you a certificate of deposit. This is for your records. You will have a recordof how much money you gave the bank and in turn the bank can lend out that money to otherindividuals. Now while they do that they pay you interest for letting them do that so ininterest rates vary from bank to bank but if you go on bankrate.com you can find the I finally got my hands on the LG V10. This phone has been VERY popular among some of the top reviewers on… best local rates and compare them. CD’s are a win/win for you and the bank because asCD’s build up they are creating a higher rating for the bank therefore the bank has more money to lend out and you are getting paid more interest the more money you get so all CD’sare FDIC insured meaning that the Federal Deposit Insurance Corporation will insureyour money up to $100,000. This is Jessica Smith on what is a certificate of deposit.