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Tiered CD


A certificate of deposit (CD) that provides increasing interest rates for increasing deposit amounts. The larger the deposit, the higher interest rate. In this sense the CD is said to be tiered, i.e., consisting of layers for each a proportionate interest rate is attached.



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Banking is an integral part of the modern financial system and plays an important role in an economy. It basically involves the so-called intermediation (e.g., ...
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