UNSPSC 64101501: Certificate of deposit CD

A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate and can be issued in any denomination. CDs are generally issued by commercial banks and are normally insured by government agencies. The term of a CD generally ranges from one month to five years.

UNSPSC 64101501 Certificate of Deposit CD is a Commodity code capturing financial products and services state and local governments procure to manage cash, liquidity, and debt obligations. Recent solicitation activity under this code shows minimal direct alignment; the opportunities posted are predominantly financial advisory, audit, and consulting services—only marginally related to certificates of deposit themselves. The code appears underutilized for state and local procurement advertising, suggesting that CD issuance and management either occur through established banking relationships, cooperative purchasing vehicles like state investment funds, or are tagged under broader financial services codes rather than this specific commodity.

The majority of recent state and local activity focuses instead on adjacent financial services: municipal advisory services (City of Phoenix, City of Albuquerque, Sacramento County, DeKalb County School District), investment advisory services (City of Milpitas, Washington Saves Program), comprehensive financial consulting (Washington State Housing Finance Commission, Los Alamos County, Texas Southern University, El Pueblo Housing Development), auditing services (Michigan Department of Insurance and Financial Services, New Mexico Department of Public Safety, Seminole County, Clayton County Georgia), swap advisory services (Sacramento County), development impact fee and nexus studies (Edinburg Texas, Sacramento County), compensation studies (City of Gainesville), and debt collection services (Washington State Department of Enterprise Services, Orange County Transportation Authority). Issuing bodies span state departments, county governments, municipalities, school districts, and special-purpose districts including transit authorities and housing finance commissions across Michigan, California, Georgia, Florida, Washington, Texas, New Mexico, and other jurisdictions. Geographic concentration is diffuse; no single state dominates recent posting activity. Business development professionals should treat this code as dormant for procurement purposes and focus instead on the adjacent financial advisory, audit, and consulting codes where state and local demand is currently active.