Say you’d like to open a 1-year CD with 4.00% APY and a $1,000 minimum deposit. You would earn $40 in interest on that initial $1,000. When the CD matures, or in other words, the term ends, you ...

Strategies to Maximize Fixed-Rate Certificate of Deposit Use Diversification Strategy As with any investment, it's wise not to put all your eggs in one basket.

Minimum balance requirements: Some of the best CDs require you to deposit $1,000, $2,500 or even more to open an account, whereas others don’t have a minimum balance requirement at all.

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.

A certificate of deposit, or CD, is a type of bank account that requires the account owner to agree to keep their money in the account for a certain period. For this reason, CDs are also known as ...

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 ...

Are you looking to open a new certificate of deposit (CD) account? If this is your first rodeo, you may not be familiar with the specifics of these products, how to open them or what to expect ...

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.