Nov 20, 2025 · What Is a Certificate of Deposit (CD)? A certificate of deposit (CD) is a type of savings account that pays a fixed interest rate on your deposit for an agreed-upon period.

Jul 31, 2024 · What is a certificate of deposit? The definition of certificate of deposit is an account that allows you to save money typically at a fixed interest rate for a fixed amount of time—say, 6 months, …

A certificate of deposit (CD) is a type of low-risk savings account that can boost the amount you earn in interest in exchange for keeping your money deposited for a set amount of time.

Aug 27, 2025 · Key takeaways A certificate of deposit (CD) is a savings account that locks your money for a fixed term in exchange for a guaranteed interest rate.

With a bank CD, you deposit funds directly into a bank for a set period, and in return, that bank offers to pay interest on your deposit at a set rate. Different banks offer different rates, so it may be helpful to …

Jul 23, 2024 · CDs are open for a term. A term is how long you'll keep money in an account and earn a fixed interest rate. For example, if you open a 1-year term, you would earn the same interest rate for …

Aug 30, 2023 · 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 …

Nov 21, 2025 · A Certificate of Deposit (CD) is a specific type of time-deposit account offered by financial institutions, designed to hold a lump sum of cash for a predetermined period. This savings …

CDs are contractual agreements you enter into with a bank. You give them access to your money for an agreed-upon term — typically anywhere from one month to five years. In return, you’re usually able …

Jul 2, 2023 · CDs differ from other savings options in terms of liquidity, risk, and potential returns, as they typically have higher interest rates than traditional savings accounts but require funds to be …