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 that does not align with the recent state and local procurement activity posted under it. The opportunities tagged with this code span government estimator contract services, accounting and financial management, enrollment broker operations, delinquent tax lien sales, compensation studies, development impact fee nexus studies, airport bond underwriting, indirect cost allocation plans, financial audit services, commercial paper liquidity provider services, banking and treasury services, and various other professional services — none of which involve the issuance, purchase, or management of certificates of deposit as investment or cash management instruments. The mismatch between the code's nominal scope and the actual work being solicited suggests either systematic miscoding by issuing bodies or that this code is not currently in use for authentic CD-related state and local procurement.

No state or local government opportunities for the purchase, issuance, or management of certificates of deposit appear in the recent solicitation record. The code shows minimal relevant activity in the current procurement market.