Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• LIQUID CD
  
  Liquid CDs are certificates of deposit that offer consumers the opportunity to withdraw money from the CD without incurring a penalty. The interest rate should be higher than the bank's money market rate, but would usually be lower than a traditional CD of the same term and minimum. Just as with any CD, the terms and conditions are set by the individual banks and can vary widely.
  
  Back