What is another word for certificate of deposit?

245 synonyms found

Pronunciation:

[ sətˈɪfɪkət ɒv dɪpˈɒsɪt], [ sətˈɪfɪkət ɒv dɪpˈɒsɪt], [ s_ə_t_ˈɪ_f_ɪ_k_ə_t ɒ_v d_ɪ_p_ˈɒ_s_ɪ_t]

A certificate of deposit (CD) is a financial instrument that deposits a fixed sum of money for a set period of time, typically six months to five years. There are several synonyms for the term CD, including time deposit, term deposit, fixed deposit, and guaranteed investment certificate (GIC). These terms are often used interchangeably in the banking industry, but they may differ depending on the country and financial institution. Regardless of the term used, CDs provide a safe and secure way to save money, with higher interest rates than typical savings accounts. They are a popular choice for individuals who want to earn higher returns while keeping their money safe.

Synonyms for Certificate of deposit:

What are the hypernyms for Certificate of deposit?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.
  • hypernyms for certificate of deposit (as nouns)

What are the hyponyms for Certificate of deposit?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.

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