This certificate of deposit is a great investment option for those looking to save money and earn a guaranteed return. With a certificate of deposit, you can invest your money for a fixed period of time and earn a fixed interest rate. Your money is FDIC-insured, so you can rest assured
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 CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty. CDs also generally have higher interest rates than savings accounts. CDs require a minimum deposit and may offer higher rates for larger deposits. The issuer expects the CDs to be held until maturity, at which time the funds can be withdrawn and interest paid.