Numerous individual types of CDs serve different purposes within the category of small savings CD's. The weekly rates on six-month Treasury bills determine its rates. These CDs are a type of money market instrument. The depositor of a negotiable CD is allowed to negotiate the interest rate with the bank. The secondary market is where investors can sell their CDs to other investors before maturity if they need cash.
Negotiable CDs have maturities ranging from fourteen days up to more than one year.
Their rates are closely tied to the going rate of Treasury bills. They are the only interest-bearing money market instruments, and they are considered safe and liquid. In addition to the amount of money deposited, certificates of deposit vary according to other criteria. Here is a partial list of the most popular variations on CDs available to individual investors. Credit union shares are negotiable certificates of deposit issued by credit unions.