Application for Certificate of Deposit - New York City (Chinese)

This is a legal document that was released by the New York City Department of Finance - a government authority operating within New York City.

The document is provided in Chinese.

FAQ

Q: What is a Certificate of Deposit?
A: A Certificate of Deposit (CD) is a financial product that allows you to earn interest on a fixed amount of money over a specific period of time.

Q: How do I apply for a Certificate of Deposit in New York City?
A: To apply for a Certificate of Deposit in New York City, you can visit a local bank or financial institution that offers this product. You will need to provide identification and fill out an application form.

Q: What are the benefits of a Certificate of Deposit?
A: Some benefits of a Certificate of Deposit include guaranteed returns, higher interest rates compared to regular savings accounts, and the ability to choose different terms and lengths for your investment.

Q: Can I withdraw money from a Certificate of Deposit before it matures?
A: In most cases, you can withdraw money from a Certificate of Deposit before it matures, but you may be subject to penalties or fees.

Q: Are Certificate of Deposits insured?
A: Yes, Certificate of Deposits are typically insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor, per insured bank.