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WebTo qualify for our best rates, a minimum deposit amount of $25,000 that is new money is required. New money is money that is currently not on deposit with Simmons Bank. Additionally, at least half of the total opening deposit must be new money. The maximum deposit amount for this offer is $250,000. View all FAQs. WebOct 28, 2024 · The Certificate of Deposit (CD) is an agreement between the depositor and the bank where a predetermined amount of money is fixed for a specific time period. Issued by the Federal Deposit Insurance Corporation (FDIC) and regulated by the Reserve Bank of India, the CD is a promissory note, the interest on which is paid by the bank. boscov\\u0027s thermal curtains
What is Certificate of Deposit (CD): Meaning, Features
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