Certificate of Deposit (CD)

A type of bank savings certificate where you deposit money that will earn a set rate of interest over a set period of time. The rate varies depending on the amount invested and the duration of the CD. Bank CDs are insured by the FDIC

Cost-of-Living Adjustments (COLAs)

A feature that can be added to some annuities that can increase your income payments to account for increases to the cost of living.