What is a Negotiable Certificate of Deposit?
A type of certificate of deposit usually pegged at a higher face value of $100,000. An NCD is guaranteed by a commercial bank to be sold in derivative or secondary markets. However, NCDs cannot be cashed before maturity. Due to the large face value of NCDs large institutions primarily handle NCD as a low -risk and low-interest security option. Negotiable CD is an alternative avenue for money markets.
Certificate of Deposit Rates :: Feb.05.2008 :: Bank CD Rates ::