variable-rate certificate of deposit

Definition

The interest rate of a variable-rate certificate of deposit changes determined by consumer price index, prime rate, market index or treasuring bills. When a variable-rate CD matures, generally the amount paid is based on the difference between the starting index and final index.

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You should try and get a variable-rate certificate of deposit if you want a relatively low risk investment in your portfolio./

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I wanted to know what the variable-rate certificate of deposit was and I consulted my long time friend Adam who knew everything about deposits.

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A variable-rate certificate of deposit might be chosen when a person has reason to believe interest rates will raise considerably during the term of the deposit.

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variable-price security variable-rate preferred stock