bank rates credit cards insurance finance

What is a Yankee CD?

Johns Wu Posted in Budgeting by Johns Wu
July 19, 2008 01:30 AM - 1 Comments

A certificate of deposit that is issued in a U.S. market by a branch of a foreign bank. Most Yankee CDs come from New York. Yankee CDs are negotiable with a minimum face value of $100,000. As a negotiable certificate of deposit, a Yankee CDS is guaranteed by the bank and can be sold in derivative markets. They are usually bought by large investors as a low-risk, low-interest security. Yankee CDs usually cannot be cashed in before their maturity.

Related Posts from the Past:



Comments (1)
1 Star2 Stars3 Stars4 Stars5 Stars (4 votes, average: 3.75 out of 5)
Loading ... Loading ...
One Existing Comment

Add New Comment

  1. Fernanda Pr said:
    on August 25th at 12:52 pm

    Is it possible that retail investors buy such instrument?

© 2008 Bankrate, Inc., All Rights Reserved.
privacy policy - terms of service - contact us - affiliates - press