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  2. A three-year CD is a certificate of deposit that has a fixed interest rate and term of three years, or 36 months. This type of account is insured by the Federal Deposit Insurance Corporation (FDIC) and offers a safe place to grow your money.
    www.forbes.com/advisor/banking/cds/best-3-year-c…
    A three-year CD is a deposit account in which you agree to keep the money in the account for three years. Yields on three-year CDs are often higher than money market account and savings account yields.
    www.bankrate.com/banking/cds/best-3-year-cd-rates/

    3-Year CD rates are usually higher than 2-year CD rates, but lower than 4-year CD rates and are considered a mid- to long-term CD in terms of maturity period. 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.

    www.depositaccounts.com/cd/3-year-cd-rates.html
     
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