Variable-Rate Certificate Of Deposit

Variable-Rate Certificate Of Deposit,

What Does Variable-Rate Certificate Of Deposit Mean?

Variable-Rate Certificate Of Deposit means, Floating rate (CD) certificates of deposit are products offered by banks and credit unions with fixed terms but with floating interest rates. Many factors determine the CD rate such as base rate, consumer price index (CPI), treasury bill or market index The amount paid is based on the percentage difference between the initial index and the final index. The Federal Deposit Insurance Corporation (FDIC) protects floating interest rates and such CDs.

  • Floating rate certificates (CDs) of deposits are financial resources with fixed amounts and interest rates that vary based on a variety of factors, from the base rate to the consumer price index and the market index.
  • There is usually a penalty for early withdrawal of funds from the CD.
  • Floating rate CDs are most profitable during low interest rate periods, although permanently low interest rates can have a negative impact on rates.

Literal Meanings of Variable-Rate Certificate Of Deposit

Variable:

Meanings of Variable:
  1. An element, property or element that may vary or change

  2. It can be edited or customized.

Sentences of Variable
  1. There are many variables involved in making meaningful predictions

  2. The quality of hospital food varies greatly

  3. The drill has variable speed

Synonyms of Variable

mutable, inconsistent, floating, unreliable, uneven, protean, fickle, undependable, volatile, unsteady, fluctuating, temperamental, unsettled, capricious, kaleidoscopic, changeable, chameleonic, vacillating, shifting, wavering, irregular, unstable, fluid, unfixed, fitful, varying, movable, inconstant

Rate:

Meanings of Rate:
  1. Set a pattern or value for a particular scale (object).

  2. Think of it as a particular quality, standard or area.

  3. A measure, quantity or frequency that is usually measured in relation to another quantity or unit of measure.

  4. Pay a fixed price or charge something for something, especially good or service.

  5. Scolding (someone) in anger

Sentences of Rate
  1. This event was considered a great success.

  2. Promotion price

Synonyms of Rate

evaluate, cost, judge, calculate, fare, reckon to be, adjudge, judge to be, tariff, consider to be, estimate, find to be, measure, figure, deem to be, value, put a value on, price, weigh up, charge, outlay, assess, compute, amount, hold to be

Certificate:

Meanings of Certificate:
  1. Provide or verify official documents.

  2. An official document that proves a certain fact.

Sentences of Certificate
  1. The amount earned must be verified by the employer.

  2. The customer then receives a certificate proving that their content has been shortened.

Synonyms of Certificate

diploma, proof, certification, accreditation, testimonial, verification, guarantee, warrant, document, authorization, licence, voucher, credentials, authentication

Of:

Meanings of Of:
  1. It shows the relationship between the part and the whole.

  2. Indicates the relationship between scale or size and value.

  3. Refers to the relationship between two organizations, usually the organization of the association.

  4. It shows the relationship between the address and the reference point.

  5. It represents the relationship between a general type or type and a particular object belonging to that category.

  6. After a noun that comes from a verb or is related to it.

  7. The title of the sentence is a predictive adjective.

  8. Identify the component or substance that makes the difference.

Sentences of Of
  1. 5% increase

  2. North of Chicago

  3. Nice to meet you

  4. In New York, only a quarter to three

Synonyms of Of

done by, in, caused by, carried out by, by, made by, of, from

Deposit:

Meanings of Deposit:
  1. Usually informally drop or drop (something or someone) at a particular place.

  2. Save it or give it to someone who will keep it.

  3. Usually the amount of money deposited or kept in a bank account for interest.

  4. The amount paid as a first installment on a purchase or as a guarantee in a contract, the rest of the money is left later.

  5. Layers or bodies of accumulated matter.

  6. Putting something in a special place.

Sentences of Deposit
  1. Place a stack of books on the kitchen table

  2. A safe place where guests can keep valuables

  3. Money that is a substitute for a bank deposit or mortgage loan.

  4. We save a lot to pay for the house

  5. Chromium salt deposits

  6. Saving an article in a library does not guarantee copyright protection.

Synonyms of Deposit

prepayment, put, security, lay down, instalment, set down, sublimate, settle, put down, advance payment, accumulation, retainer, sediment, unload, down payment, sit, rest, part payment, set, place, stake, lay, pledge