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1. • • A certificate of deposit, or CD, is a type of savings account offered by banks and credit unions. You generally agree to keep your money in the CD without taking a withdrawal for a specified length of time. Withdrawing money early means paying a penalty fee to the bank.
     www.consumerfinance.gov › ask-cfpb › what-is-a-certificate-of-deposit-cd-en-917

     What is a certificate of deposit (CD)? | Consumer Financial ...

2. People also ask

   What is a certificate of deposit?

   • 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 rates among federally insured bank accounts. Here’s a breakdown of various factors that make up CDs. Unlike regular savings accounts, most CDs earn the same rate over time.

   How Do CDs Work? Learn How to Save Smarter - NerdWallet

   www.nerdwallet.com/article/banking/how-do-cds-work

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   What is a credit union CD?

   • While credit unions generally refer to CDs as “share certificates” or simply “certificates,” they’re essentially the same as CDs at banks. They provide guaranteed returns in exchange for keeping your money in the account until the end of its term. The best credit union CD rates could help you maximize your savings.

   Best Credit Union CD Rates Of March 2024 – Forbes Advisor

   www.forbes.com/advisor/banking/cds/best-credit-union-cd-rates/

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   Are credit union CDs insured by the Federal Deposit Insurance Corp?

   • CDs at banks are insured by the Federal Deposit Insurance Corp. Share certificates are the name for CDs at credit unions, the not-for-profit equivalent of banks. Certificates at credit unions are insured by the National Credit Union Administration CD rates have started to dip and may continue to fall, especially if the Fed decides to drop its rate.

   What Is a CD (Certificate of Deposit)? - NerdWallet

   www.nerdwallet.com/article/banking/cd-certificate-of-deposit

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   What is a credit union share certificate?

   • Most credit unions call CDs “share certificates” because they represent your share of the credit union’s ownership, but share certificates are identical to CDs. Like banks, credit unions offer different interest rates on certificates depending on the length of time you commit your funds.

   Best Credit Union CD Rates Of March 2024 – Forbes Advisor

   www.forbes.com/advisor/banking/cds/best-credit-union-cd-rates/

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3. www.investopedia.com › c › certificateofdepositWhat Is a Certificate of Deposit (CD) and What Can It Do for You?

   www.investopedia.com › c › certificateofdeposit

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   Feb 16, 2024 · 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. Offered by both...

   • Author: Jason Fernando

   • Video Duration: 2 min

4. www.forbes.com › cds › best-credit-union-cd-ratesBest Credit Union CD Rates Of April 2024 – Forbes Advisor

   www.forbes.com › cds › best-credit-union-cd-rates

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   Apr 2, 2024 · Details. Digital Federal Credit Union Regular Certificates. 5.0. 3.46% to 4.86% $500. Daily. Editor's Take. Pros & Cons. Details. Digital Federal Credit Union Regular Jump-Up...

   • Author: Cassidy Horton

5. www.penfed.org › learn › pros-and-cons-of-aPros and Cons of a Certificate Account | PenFed Credit Union

   www.penfed.org › learn › pros-and-cons-of-a

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   Jun 28, 2021 · Certificate accounts are a safe way to grow your savings because, depending on the account ownership type, they're included in the $250,000 that is insured by the National Credit Union Administration (NCUA) (for federal and many state-chartered credit unions) or the Federal Deposit Insurance Corporation (FDIC) for banks.

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7. www.nerdwallet.com › best › banking10 Best Credit Union CD Rates 2024 - NerdWallet

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   Jan 26, 2024 · Share certificates — what many credit unions call their certificates of deposit — have terms that range from several months to years, with minimum deposits varying by institution....

8. www.nerdwallet.com › article › bankingHow Do CDs Work? Learn How to Save Smarter - NerdWallet

   www.nerdwallet.com › article › banking

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   Mar 21, 2024 · 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 rates...

   • Video Duration: 6 min

9. www.nerdwallet.com › cd-certificate-of-depositWhat Is a CD (Certificate of Deposit)? - NerdWallet

   www.nerdwallet.com › cd-certificate-of-deposit

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   Mar 13, 2024 · These days, CDs don’t usually come on paper, but your funds are still held and federally insured up to at least $250,000 per account at banks and credit unions. Learn more about what a...

10. www.1edcu.org › what-is-a-certificate-of-depositWhat is a Certificate of Deposit (CD) and How Does it Work?

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    What is a Certificate of Deposit? A CD is a type of savings account offered by banks and credit unions. When you open a CD, you agree to deposit a specific amount of money (your principal) for a predetermined period (the term). In exchange for committing your funds for this set timeframe, the money in a CD will grow at a fixed interest rate ...