What is another word for term cds?
Pronunciation: [tˈɜːm sˌiːdˌiːˈɛs] (IPA) 
Term CDs, also known as certificate of deposit, are bank-issued deposits that are intended to be held until maturity. Apart from the term CDs, there are several other synonymous phrases used for this type of CD, such as fixed-rate CDs and time deposits. These CDs are the safest investment option available, guaranteeing the principal amount and interest rate over a fixed period of time. Generally, term CDs have a higher interest rate than traditional savings accounts, making them an attractive option for people looking to earn a little extra money with minimal risk. With synonyms like fixed-rate CDs and time deposits, it is easier to identify term CDs and make the best choice for one's financial goals.
