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1. www.investopedia.com › how-does-a-cd-account-work-5235792How Does a CD Account Work? - Investopedia

   www.investopedia.com › how-does-a-cd-account-work-5235792

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   Feb 16, 2024 · Key Takeaways. Certificates of deposit (CDs) work differently from other bank and credit union accounts. They pay higher interest rates but also lock your money in for whatever term (or length ...

2. www.bankrate.com › banking › cdsHow Do CDs Work? | Bankrate

   www.bankrate.com › banking › cds

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   Mar 25, 2024 · Certificates of deposit (CDs) are bank deposit products that hold your funds for a set period of time, or term. In exchange, the bank pays you a fixed annual...

3. www.fidelity.com › learning-center › trading-investingWhat is a CD (certificate of deposit)? - Fidelity Investments

   www.fidelity.com › learning-center › trading-investing

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   Apr 9, 2024 · April 09, 2024. 6 min. Print. What is a CD (certificate of deposit)? CDs and CD ladders may help you when interest rates fall. Fidelity Viewpoints. Key takeaways. Currently, CDs offer higher yields than some higher-risk investments. Medium and longer-term CDs may let you lock in today's attractive yields before interest rates move lower.