A certificate of deposit typically offers a higher rate of return than a traditional savings account. Find out which type of CD might be right for you.

How a certificate of deposit works Certificates of deposit are a time-bound deposit vehicle that pays investors an annual percentage yield, or APY, for the duration of the account.

IRA certificates of deposit can be tax deductible — but only if you meet specific income requirements and don’t have certain ...

Initial deposit The “initial deposit” is the amount you agree to put into your CD at opening. CIT Bank, for instance, has a $1,000 minimum deposit for most of its CDs.

Learn more The Federal Reserve elected to hold rates steady for a fifth consecutive meeting on Wednesday. “Uncertainty ...

A certificate of deposit (CD) is a savings product that earns interest on a lump-sum deposit that’s untouched for a predetermined period of time.

What Is a Certificate of Deposit? originally appeared on usnews.com Update 03/06/25: This story was previously published at an earlier date and has been updated with new information.

Understanding CDs: A brief overview A certificate of deposit, or CD, is a type of bank account. It pays a fixed APY, which means you'll earn the same interest rate during the entire term.

Certificate of Deposit 3 things to do before your CD matures Is your CD account approaching its maturity date? Then consider making these three smart moves now. Mar 18, 2024 ...

Sold by banks, certificates of deposit (better known as CDs) are low-risk "- and relatively low-return -- investments suitable for cash you dont need for months or years. If you l ...

Certificates of deposit can be a great way to earn interest and keep your money safe and secure. There are benefits to both short- and long-term CDs, so make sure you weigh your situation before ...