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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. Offered by both banks and credit unions, 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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     What Is a Certificate of Deposit (CD) and What Can It Do for You?

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   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

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   How does a certificate of deposit (CD) work?

   • In exchange, the bank or credit union that issues your CD will pay you a guaranteed return on the money, typically higher than you'd get on a regular savings account. Find out how CDs function and how you can make them work best for you. Certificates of deposit (CDs) work differently from other bank and credit union accounts.

   How Does a CD Account Work? - Investopedia

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

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   Are certificates of deposit a good investment?

   • Certificates of deposit (CDs) generally pay higher interest rates than savings and money market accounts in exchange for leaving the funds on deposit for a fixed period of time. CDs are a safer and more conservative investment than stocks and bonds, offering lower opportunity for growth, but with a non-volatile, guaranteed rate of return.

   What Is a Certificate of Deposit (CD) and What Can It Do for You?

   www.investopedia.com/terms/c/certificateofdeposit.asp

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   What is a fixed rate Certificate of deposit?

   • A fixed rate certificate of deposit is a CD that has a set or fixed interest rate that is paid over the entire term of the instrument. The total fixed interest earned along with the CD principal is paid to the investor once the certificate of deposit reaches maturity.

   Certificates of Deposit: All You Need to Know - Investopedia

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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.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

5. 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 · Nerdy takeaways. A CD is a type of savings account with a fixed rate and fixed time period. CDs tend to have higher rates than regular savings accounts but don’t allow...

   • Video Duration: 14 min

6. Videos

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     What Is a Certificate of Deposit (CD) and What Can It Do for You?

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7. www.bankrate.com › banking › cdsWhat is a CD (certificate of deposit)? - Bankrate

   www.bankrate.com › banking › cds

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   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.

8. www.investopedia.com › certificate-of-deposits-4689733Certificates of Deposit: All You Need to Know - Investopedia

   www.investopedia.com › certificate-of-deposits-4689733

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   3 days ago · Learn all about various types of certificates of deposit, how they work and how they potentially fit into your savings and investment planning. Browse Investopedia’s expert-written library to...

9. 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...