Learn about certificate of deposit (CD) types, how they work, and how they can fit into your savings goals. Browse Investopedia’s expert-written library for more.

A certificate of deposit (CD) is a type of deposit account that offers a fixed interest rate. To earn that rate, you'll typically need to keep your funds in the account for a certain period of time.

If you’re weighing the pros and cons of a certificate of deposit, you’re not alone. While CDs aren’t as common as savings ...

How do you open a certificate of deposit? To open a CD, you’ll need to share your personal information -- name, birthday, address and Social Security number ...

A certificate of deposit, or CD, is a savings option that pays a fixed interest rate, typically offered by a bank or credit union. You agree to deposit a lump sum of money, ...

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. This particular ...

Savings account interest rates have fluctuated over the years due to many different economic changes, such as during recessions, inflation, depressions and other economic conditions.

How a Liquid CD Works. A liquid certificate of deposit (CD) combines the benefits of a traditional CD with the flexibility of a savings account.Unlike standard CDs, which lock your money for a ...

Investment word of the day: Certificates of Deposit or CDs are fixed-income investments from banks, with terms ranging from 7 days to 3 years. They require a minimum deposit of ₹1 lakh.