Fixed Rate CD

A certificate of deposit is a time deposit issued by a bank or credit union that pays a specified rate of interest for a set period of time. A majority of CDs are of the fixed-rate variety that pay a constant rate of interest for the lifetime of the CD. If market interest rates increase or decrease before the maturity date of the CD, the interest rate on a fixed-rate CD will remain the same.

 

http://en.wikipedia.org/wiki/Certificate_of_deposit

Important Notes: All investments involve the risk of potential investment losses as well as the potential for investment gains. Prior performance is no guarantee of future results and there can be no assurance, and clients should not assume, that future performance will be comparable to past