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Certificate of deposit (CD)

Understand how certificates of deposit (CDs) work and how they can help your savings grow securely.

Editors' picks

Young happy businessman sitting at the table typing on computer, researching the types of CDs

11 Types of CDs and How They Work

Tim Maxwell profile imageBy Tim Maxwell
Jun 11, 2025
Young couple deciding how much money to put on their CD account

How Much Money Should I Put in a CD?

Karen Axelton profile imageBy Karen Axelton
Nov 17, 2024
A woman received a statement from the bank about the CD.

What Is a CD?

Marianne Hayes profile imageBy Marianne Hayes
Aug 29, 2024

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What others are reading

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The Pros and Cons of Certificates of Deposit (CDs)

CDs offer better returns than savings accounts and less risk than stocks and bonds, but yo...

Sarah Archambault profile imageBy Sarah Archambault
Aug 20, 2023

How to Withdraw Money From a CD

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How Much Interest Do CDs Pay?

Marianne Hayes profile imageBy Marianne Hayes
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What to Do When Your CD Matures

Gayle Sato profile imageBy Gayle Sato
Jul 30, 2023

3 Alternatives to CDs

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Nov 10, 2023

CD Rates Forecast for 2025: Are CD Rates Going Down?

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The latest from our experts

Best CD Rates of July 2025

CD rates are constantly in flux—and they can vary widely depending on the financial instit...

Marianne Hayes profile imageBy Marianne Hayes
Jul 14, 2025

What Is a CD Early Withdrawal Penalty?

Taking money out of a CD early usually results in an early withdrawal penalty. With carefu...

Sarah Archambault profile imageBy Sarah Archambault
Jul 7, 2025

Are CDs Liquid?

Although less common than traditional CDs, some CDs are liquid, allowing you penalty-free ...

Jennifer Brozic profile imageBy Jennifer Brozic
Jun 10, 2025

What Is an IRA CD?

An IRA CD combines the reliable annual percentage yield (APY) of an IRA with the tax benef...

Gayle Sato profile imageBy Gayle Sato
Jun 10, 2025

What Is an Add-on CD?

Typically, you can't add money to a CD after making your initial deposit. An exception to ...

LaToya Irby profile imageBy LaToya Irby
Jun 9, 2025

Are CDs Safe and FDIC-Insured?

CDs provide a guaranteed return at a fixed rate. They also offer one of the safest places ...

Tim Maxwell profile imageBy Tim Maxwell
Jun 8, 2025

What Is a CD Ladder?

A CD ladder is a savings strategy in which you put money into several CDs with different m...

Karen Axelton profile imageBy Karen Axelton
Jun 6, 2025

Fixed Annuities vs. CDs: What’s the Difference?

A fixed annuity is an investment designed for retirement savings; a certificate of deposit...

Karen Axelton profile imageBy Karen Axelton
Jun 4, 2025

CDs vs. Bonds: What’s the Difference?

CDs and bonds are both low-risk options for saving money and earning interest, but a CD is...

Karen Axelton profile imageBy Karen Axelton
Jun 3, 2025

How to Open a CD Account

Before applying for a CD, it’s important to make sure you’ve chosen the right account for ...

Ben Luthi profile imageBy Ben Luthi
Jun 2, 2025

Why Do Longer CDs Have Lower Rates?

If banks think rates will be lower a year or two from now, they have less incentive to off...

Chelsea Beck profile imageBy Chelsea Beck
May 31, 2025

Annuity vs. CD: What’s the Difference?

Annuities and CDs give you the option to invest money with some predictability. But annuit...

Brianna McGurran profile imageBy Brianna McGurran
May 30, 2025

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