Personal Finance Advice and Commentary

Wednesday, July 21, 2010 9:40 am
By Sheyna Steiner · Bankrate.com

Most people have probably heard of a zero-coupon bond, or a bond that pays interest at maturity rather than accruing annually. But CDs also come in zero-coupon form. Coupon refers to the interest rate on a bond. According to the website, BondClass.com, zero-coupon CDs, or ZCDs, are issued in maturities between three and 30 years and