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Variable Rate Certificate of Deposit

A certificate of deposit (CD) that pays a variable interest rate. In other words, the rate adjusts upward or downward...

Variable Rate CD

A certificate of deposit (CD) that pays a variable interest rate. In other words, the rate adjusts upward or downward...

Escrow Account

An account that is established by a lender or an intermediary bank to hold separate funds for the purpose of...

Discount CD

A certificate of deposit (CD) that pays no periodic interest to the holder. However, its return comes from it being...

APR

An abbreviation for annual percentage rate; it is the interest rate (charged for borrowing or made by investing) as calculated...

Designer CD

A certificate of deposit (CD) that is tailor-made to accommodate the varying needs of engaged depositors. Thanks to the non-standard...

Discount Rate

The interest rate which is charged to commercial banks and other depository institutions on short-term loans offered by the central...

Basket-Linked Certificate of Deposit

A certificate of deposit (CD) that links the rate of return (yield) to the performance of a basket of stocks....

Base Rate

The interest rate which is set and used by banks and financial institutions as a basis for determining their lending...

Collateralization

The pledging of an asset or property by a borrower to secure a bank loan, where a lender has the...