Difference between Fixed Deposit and Certificate of Deposit | Finance
Fixed deposit(FD) is a type of investment instrument that is offered by banks as well as non-banking financial companies (NBFCs) which provides investors a higher rate of interest than a regular savings account, until the given maturity date. A certificate of deposit is an agreement to deposit money for a fixed period with a bank that will pay you interest which can be issued in any denomination aside from minimum investment requirements. A CD restricts access to the funds until the maturity date of the investment.
Fixed Deposit(FD) |
Certificate of Deposit(CD) |
| Fixed deposit(FD) is a type of investment instrument that is offered by banks as well as non-banking financial companies (NBFCs) which provides investors a higher rate of interest than a regular savings account, until the given maturity date. | A certificate of deposit is an agreement to deposit money for a fixed period with a bank that will pay you interest which can be issued in any denomination aside from minimum investment requirements. |
| Fixed deposit(FD) are not freely negotiable. | Certificate of deposits(CDs) are freely negotiable. |
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MBA,BBA.
I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,
MBA,BBA.
I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,
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I think other website proprietors should take this website as an model, very clean and great user friendly style and design, let alone the content. You’re an expert in this topic!
What do you mean by they are freely negotiable?