Certificate of Deposit

What is A Certificate of Deposit ​

• I Dont know

• a certificate the bank gives you when you deposit money​

• A paper that provides you to take out a Certain amount of money

• a Certificate that helps you with your insurance

What Does CD Stand for

• Certificate of Donation

• Crime of Dogs

• Certificate of Deposit

• Check of Deposit

What is the First step of making an Account for Certificate of Deposit

• Create your account

• Find a C.D. that is right for you​

• Choose your term

• Fund the CD

Which is Investing

• Investing is taking your money and hoping that it will grow in value.

• Investing is setting some money aside bit by bit until you have saved up for something you need or want.

• Investing means Getting money from someone and having to pay it back the very next day

• Investing means you lost something and you want justice

Which is Saving

• Saving is taking your money and hoping that it will grow in value

• Saving is Taking some from a person and Wasting it

• Saving is setting some money aside bit by bit until you have saved up for something you need or want

• Saving is when some one is about to get hurt but then you come in and help them and then you get money

What is an Advantage For a CD

• Accessibility

• Safety

The bank gives you this certificate when you deposit money​

• True

• False

What is the Last Step of Making a new Account for a CD

• Choose how you'll apply​

• Make the opening (and only) deposit​

• Choose how you want interest disbursed

• Find a C.D. that is right for you​

Wells Fargo bank​

The minimum for the penalty is $25. It can get up to 12 months interest if you withdraw more than 24 months​

• True

• False

Ally Bank​

If you do 10 years or longer in penalty the cost will be 12 days of interest. If it is 20 years or less of withdraw than it can be as much as 100 days of interest.​

• False

• True