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Enter Another Question

9/21/18

which type of account typically has low liquidity?

Quesiton : which type of account typically has low liquidity?

Answer: certificate of deposit

A certificate of deposit (CD) is a savings certificate with a fixed maturity date, specified fixed interest rate and can be issued in any denomination aside from minimum investment requirements. ... CDs are generally issued by commercial banks and are insured by the FDIC up to $250,000 per individual. Certificates of Deposit Tutorial · Maturity Date · FDIC · Promissory Note Money Market: Certificate Of Deposit (CD) ... A certificate of deposit (CD) is a time deposit with a bank. ... Most CDs assess a penalty for early withdrawal prior to the CDs date of maturity. Insured account. Certificates of deposits are offered by banks and as such are covered by FDIC insurance just like a savings or checking account.

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