Definition: A Certificate of Deposit or CD is certificate from a bank stating that the named party has a specified
sum on deposit, usually for a given period of time at a fixed rate of
interest. Often there is a penalty for early withdrawal (taking your money out before the specified period of time.)
Definition: A Liquid Certificate of Deposit gives you a CD rate that is usually
better than most checking accounts while allowing more fluid access to
your money. That is you can take money out of the CD before it
matures. They usually pay higher rates than the offering bank's
money market account but not the top rates of CDs held to the full
term. They are sort of "half and half" and thus offer rates that
are inbetween the two.
Rates and terms may change at any time. Contact the bank for their current rates.
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