NewDominionDIRECT.com offers two different types of CDs, the Variable Rate and Fixed Rate. Other than the names, there isn’t much of a difference between the two except for the terms. The Fixed Rate CD has terms from 3 months to 5 years, while the Variable Rate only allows terms between 12 months and 30 months. However, though this may seem like a drastic difference, they both share similar characteristics. Some of these also are like the procedures of other banks. Like interest being compounded daily, but paid monthly. Also, both offer the option of renewing your CD at maturity, but if not requested, it’s automatic. Another similarity between Variable and Fixed Rate… [Continue Reading - Get maxiumum on investments with NewDominionDIRECT.com ]