Bitter-End Certificate of Deposit

Banking
Brokered Certificate of Deposit
June 7, 2021
Derivatives
Slippage
June 7, 2021

A certificate of deposit (CD) that is kept intact by the holder for its full term. The CD offers a bonus (extra basis points) if the holder kept his/ her money for a minimum number of years (e.g. five years) without withdrawals, whatsoever. Banks usually to seek to have extended lock-up periods in order to put the funds into use with more stable an predictable timelines.

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