Variable Rate Certificate of Deposit financial definition of Variable Rate Certificate of Deposit
variable-rate certificate of deposit (redirected from Variable Rate Certificate of Deposit)
Variable-Rate Certificate of Deposit
variable-rate certificate of deposit
A certificate of deposit that pays a rate of interest that changes at predetermined intervals according to a specified formula or a key interest rate. This savings instrument is most appropriate if the investor expects short-term interest rates to rise before the certificates mature.
References in periodicals archive
The InvestorSure CD is a variable rate certificate of deposit
that offers the formulaic upside performance of the S&P 500, without downside risk.
The CollegeSure CD is a variable rate certificate of deposit that is tied to a college costs index and designed to help families save for their children's future cost of college.
The new InvestorSure CD is a variable rate certificate of deposit indexed to the Standard & Poor's 500 Composite Index.