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Account Type (Check all that apply) Deposit Account Application o Personal o Business o Nonprofit o Corporation o LLC/LP Savings Money Market Checking Certificate of Deposit Term o VA Savers Club

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What is what is a cd?

A certificate of deposit (CD) is a type of savings account that has a fixed interest rate and fixed date of withdrawal, known as the maturity date.

Who is required to file what is a cd?

Individuals or financial institutions that hold a CD account are required to report it for tax purposes.

How to fill out what is a cd?

To fill out a CD account, you need to provide information such as the account holder's name, account number, amount deposited, interest rate, and maturity date.

What is the purpose of what is a cd?

The purpose of a CD is to earn a higher interest rate compared to a regular savings account by depositing funds for a fixed period of time.

What information must be reported on what is a cd?

The information that must be reported on a CD account includes the interest earned, any penalties incurred for early withdrawal, and the total amount withdrawn.

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