Certificates of Deposit

Certificates of Deposit (CDs) are contracts with banks or credit unions whereby the investor agrees to keep a specified amount of money on deposit for a specified time, for example three or six months or one or more years. In return, the bank or credit union agrees to pay a specified interest rate on the deposit, which is generally higher than the bank’s rate for savings accounts (which have no fixed term). Bank CDs are generally insured by the FDIC and credit union CDs are generally insured by the NCUA. While most investors are familiar with traditional bank CDs, more complex CD products exist. These products may promise higher returns, but also carry higher risks.

The investment and securities fraud attorneys at Moulton & Arney, LLP have extensive experience representing individual investors in securities arbitration and litigation. Cindy Moulton and Lance Arney have successfully represented thousands of clients in securities and investment fraud cases, with combined claims of hundreds of millions of dollars.

If you have suffered investment loss in a Certificate of Deposit, you may be entitled to recover all or part of your investment.  To find out more about your potential claims against your broker/financial advisor, investment firm, or securities firm, please contact an experienced investment fraud attorney.