The promotional 6- month CD delivers a competitive 4.04% APY to new customers at Ocean Bank. That said, customers in Boca ...

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.

Whichever direction you take, ensure that the institution you are working with is backed by the Federal Deposit Insurance Corp. (FDIC), which insures deposits up to $250,000 per customer, per bank.

For banks, that means looking for an institution that is backed by the Federal Deposit Insurance Corporation, or FDIC. If it is, then your money is protected from bank failures by up to $250,000.

A no-penalty certificate of deposit, also known as a liquid CD, allows investors to make early withdrawals without paying a penalty. But it also pays lower interest rates.

A high-yield certificate of deposit (CD) can help you earn more on your savings. Here’s how high-yield CDs work.

What is a CD? A CD is a kind of account provided by banks or some credit unions in which account holders earn interest by depositing their money for a specified period of time. This interest is ...

Key Takeaways A certificate of deposit, or CD, is a type of savings account that allows you to earn interest over a term of several months or years. CDs often pay out higher interest rates than ...

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 -- and transfer the money to fund the ...