Certificate of Deposit
A savings certificate, usually issued by a commercial bank, that has a stated maturity and The percentage which, when multiplied by the face amount or principal of a financial instrument, such as a bond, savings account or loan, determines the amount of interest that will be paid to or by t... More. Certificates of deposit, often called CDs, are insured by the Federal Deposit Insurance Corporation up to $250,000 per account holder per bank. The $250,000 limit includes all of your insured accounts at the bank, such as savings and checking accounts.
I am also a retired property-casualty A professional who assesses and manages the risks of financial investments, insurance policies and other potentially risky ventures. Source: www.investopedia.com/terms/a/actuary.asp More (someone who works with the math and statistics related to insurance). I spent a significant portion of my career building statistical models of all of the financial risks of an insurance company and interpreting their findings to help senior management make better financial decisions. I retired in my late 50’s, which one of my daughter’s friends thought clearly qualified me to write this blog. Read more about Susie Q