Discover how CDs work, offering secure savings with fixed interest rates. Learn about terms, early withdrawal penalties, and how they compare to other accounts.

A Certificate of Deposit (CD) is a type of time deposit offered by banks and credit unions. This type of financial product is a safe, low-risk investment that allows you to deposit a fixed sum of ...

Good work! You've already succeeded at the hard part—saving money. Now, you just need to choose the best savings vehicle to grow it. And a certificate of deposit (CD) can be an excellent place to ...

Today's highest CD rate is 4.94% for a jumbo 6-month CD. CD rates from online banks are commonly twice as high as the ...