cd rate
Definition
Certificate of deposit rate. Interest rate assigned to a certificate of deposit at the time that it is purchased. "The certificate of deposit that I purchased had a cd rate of 3%."
Use cd rate in a sentence
“ The highest CD rate I could find was 2.25% but it was much more than my traditional savings account rate. ”
“ The CD rate was set at 5% for 5 months at the time, we enjoyed being able to take advantage of this investments interest rate. ”
“ I have established a CD Ladder consisting of five year CDs maturing every six months to maximize the overall CD Rates on this portion of my portfolio. ”
