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A certificate of deposit (CD) is a type of savings account offered by banks and credit unions. It pays a fixed interest rate for a set period of time.
A CD is a type of account offered by banks and credit unions that pays interest on your money for a set period of time. These accounts pay a guaranteed rate of return.
A certificate of deposit (CD) is a low-risk savings tool that can boost the amount you earn in interest while keeping your money invested in a relatively safe way. Like savings accounts, CDs are considered low risk because they are FDIC-insured up to $250,000.
A certificate of deposit, or CD, is a deposit with a fixed interest rate held at a bank for a preset time period. There are 2 types of CDs: bank CDs, which you can buy directly from a bank, and brokered CDs, which you can purchase through brokerages, like Fidelity. Unlike bank CDs, brokered CDs can be traded.
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.
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.
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.
A certificate of deposit, also referred to as a CD, is a type of deposit account offered by various financial institutions, such as banks and credit unions. Certificates of deposit require the account holder to deposit the funds for a specific period until a set maturity date.
When you open a certificate of deposit (CD), you agree to leave your money in the account for a set period of time. This can range from a few months to a number of years. In exchange, the...
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 account. A CD also has a fixed term length...