Best CD rates of July 2025 (Up to 4. 60%) - Bankrate Opening a certificate of deposit (CD) allows you to lock in an attractive fixed rate and earn higher returns compared to traditional savings accounts, while providing guaranteed growth for a set
Certificate of Deposit (CD) | Meaning, Types, How They Work A Certificate of Deposit (CD) is a time-based savings product offered by banks and credit unions that allows individuals to deposit money for a specified term and earn interest
12 Best CD Rates of August 2025: Up to 4. 30% APY - CNBC CDs are a type of savings account where you earn a fixed rate of interest over a fixed period, also known as a CD term You can't access your funds until the CD term ends If you need more of
How does a CD work? | CD rates explained | Fidelity Understand certificates of deposit (CDs) with this helpful guide Learn how CD rates work and what may impact the market price of your brokered CDs Plus, get step-by-step instructions on how to buy CDs
What Is a Certificate of Deposit (CD) And How Does It Work? How does a CD Work? A CD provides the purchaser interest compensation in exchange for a commitment to leave the amount invested with the provider for a set amount of time, usually anywhere from one month to five years