What is another word for certificate of deposit?
Pronunciation: [sətˈɪfɪkət ɒv dɪpˈɒsɪt] (IPA) 
A certificate of deposit (CD) is a financial instrument that deposits a fixed sum of money for a set period of time, typically six months to five years. There are several synonyms for the term CD, including time deposit, term deposit, fixed deposit, and guaranteed investment certificate (GIC). These terms are often used interchangeably in the banking industry, but they may differ depending on the country and financial institution. Regardless of the term used, CDs provide a safe and secure way to save money, with higher interest rates than typical savings accounts. They are a popular choice for individuals who want to earn higher returns while keeping their money safe.
