Explore the fixed-rate certificate of deposit – its purpose, workings, benefits, drawbacks, and strategies to optimize your investment returns.

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.

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 ...

A certificate of deposit typically offers a higher rate of return than a traditional savings account. Find out which type of CD might be right for you.

A CD is an interest-bearing deposit account that works much like a savings account. However, you cannot withdraw money from that account for a fixed amount of time.

When the loan matures, he will get back his initial investment of $10,000 as well as interest. The return on the CD for the period of five years is $2,763. David’s maturity proceeds total to $12,763.

— A CD’s fixed interest rate may be eclipsed by an overall rise in interest rates. So, you may have secured a 3.75% APY for a two-year CD, but later see newer CDs offering APYs up to 4.5%.

A certificate of deposit (CD) offers a fixed interest rate and encourages savers not to tap into their funds too early. Here’s how to choose the right one for you.

Concord, New Hampshire-based Walden Mutual Bank is finding out. The financial institution is offering a 100-year Local Impact Certificate of Deposit paying a fixed 4.75% annual interest rate.