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 ( CD ) is a time deposit sold by banks, thrift institutions, and credit unions in the United States. CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty and generally higher interest rat...
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 certificate of deposit (CD) is a type of savings tool with various benefits. Explore current CD rates and how to purchase CDs through Schwab.
A callable certificate of deposit (CD) is an FDIC-insured CD that contains a call feature like other types of callable fixed-income securities.
The interest you earn on your money in a certificate of deposit (CD) must be reported as income and you must pay taxes on it. Here's how CDs and taxes work.
A certificate of deposit (CD) from a financial institution can earn you more in interest but comes with strings attached.
A Wells Fargo Certificate of Deposit (CD) offers an alternative way to grow your savings. You choose the set period of time to earn a guaranteed fixed interest rate, regardless of market conditions...
Short-term goals · Earn income while saving for short-term goals like paying for a wedding or buying a new car. ; Low risk · Park cash you don’t plan to use right away in a low-risk investment while avoiding high market risk. ; Higher yields · Get potentially higher yields than you would with some bank accounts and money market funds. ; FDIC-insured · Protect your initial investment amount with a government-backed option.
certificate of deposit (CD), a receipt from a bank acknowledging the deposit of a sum of... Demand certificates of deposit.These CDs are payable on demand; they’re used primarily by...