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- A certificate of deposit (CD) is a type of savings account that pays a fixed interest rate on money held for an agreed upon period of time. CDs differ from standard savings accounts in that CD funds must remain untouched for the entirety of their term or you'll incur a penalty.
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5 days ago · A certificate of deposit (CD) is a type of savings account that pays a fixed interest rate on money held for an agreed upon period of time. CDs differ from...
- Jason Fernando
- 2 min
Mar 13, 2024 · A CD, or certificate of deposit, is a type of savings account with a fixed interest rate that’s usually higher than the rate for a regular savings...
- 14 min
Mar 21, 2024 · How do CDs work? A certificate of deposit is a type of savings account with a fixed interest rate and term. CDs, called share certificates at credit unions, tend to have the highest...
- 6 min
What are certificates of deposit? A certificate of deposit (CD) is a savings account that holds a fixed amount of money for a fixed period of time, such as six months, one year, or five years, and in exchange, the issuing bank pays interest. When you cash in or redeem your CD, you receive the money you originally invested plus any interest.
Oct 2, 2023 · A certificate of deposit (CD) is a low-risk deposit account that earns a fixed rate of return. In exchange for this guaranteed yield, you agree to lock up your money until the...
- What CD term should I get?Choosing a CD term should be based on when you’ll need access to the money. For instance, if you plan to go on vacation in a year, a one-year CD co...
- How are CD rates determined?One factor that can affect CD rates is changes to the Federal funds rate, which is the Federal Reserve’s benchmark rate. When this rate goes up, co...
- What are the different types of CDs?Types of CDs include traditional CDs, no-penalty CDs, jumbo CDs, bump-up CDs, step-up CDs, zero-coupon CDs, callable CDs and IRA CDs.
5 days ago · Certificates of Deposit. Find the best CD rates, whether you want to invest for 12 months or five years. Discover which banks and credit unions offer the top deals in each term. Learn how...
3 days ago · Learn about certificate of deposit (CD) types, how they work, and how they can fit into your savings goals. Browse Investopedia’s expert-written library for more.
