To open a cd the account holder makes a one time deposit then leaves the funds to grow until the cd matures.
3 year certificate of deposit name of fund or bank.
Use the unclaimed funds feature on the fdic website to locate your cd.
Certificates of deposit or cds are time deposits bought by an individual in order to earn an established rate of return within a fixed time period.
If the bank is not open anymore and failed within the last 18 months the fdic or another bank might have possession of your account.
Add on certificate of deposit.
A certificate of deposit that allows the bearer to deposit additional funds after the initial purchase date that will bear the same rate of interest.
Contact the bank that held your certificate of deposit if the bank is still open and inquire on the status of your cd.
A certificate of deposit cd is a type of fdic insured deposit account offered by many banks and credit unions that usually has a fixed interest rate over a certain number of months or years.