7. Brokered CDs A brokered certificate of deposit is a CD account issued by banks or credit unions but sold through a brokerage firm or financial advisor, rather than from the bank itself.

Initial deposit The “initial deposit” is the amount you agree to put into your CD at opening. CIT Bank, for instance, has a $1,000 minimum deposit for most of its CDs.

5 Steps to Open a Certificate of Deposit (CD) The following steps can help you find, open and fund a CD. Step 1: Consider Different Types of CDs ...

"They usually have a fixed rate and a fixed term. And if you leave your money there for 3 months, 6 months, 9 months, 12 months, up to up to 5 years, you're locked in and then at the end of that ...

Not to be confused with the metallic music-playing discs of the '80s and '90s, CDs — formally known as certificates of deposit — are a savings option still very much in play.