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.

What Is a Certificate of Deposit? A certificate of deposit is a safe, income-generating investment, as the funds are insured by the Federal Deposit Insurance Corp. up to $250,000.

A $10,000 CD account could still be worth opening this August. Here's what savers should be considering right now.

What Is a Certificate of Deposit? originally appeared on usnews.com Update 03/06/25: This story was previously published at an earlier date and has been updated with new information.

A certificate of deposit is a savings account that locks up your money for a set period — typically ranging from a few months to several years — in exchange for guaranteed interest rates.

Yes, CDs are federally insured by every bank and credit union that has deposit insurance. Up to $250,000 is guaranteed to be returned to you if a bank goes bankrupt.

Certificates of deposit can be a great way to earn interest and keep your money safe and secure. There are benefits to both short- and long-term CDs, so make sure you weigh your situation before ...

Opening a certificate of deposit (CD) has never been easier. You can do it online, from the comfort of your own home. Here’s what you need to know.

But how much interest can you earn by putting $10,000 in a high-yield savings account? With some of the top high-yield savings accounts paying around a 4% annual percentage yield, you could earn ...

When you should deposit $10,000 into a CD A CD is a type of deposit account that earns interest at a fixed rate for a set period, known as the CD term. Terms typically range from a few months to ...

Why you may be getting ‘shortchanged' on certificate of deposit interest rates, researcher says By Greg Iacurci,CNBC • Published January 28, 2025 • Updated on January 28, 2025 at 10:09 am ...

A certificate of deposit is a safe, income-generating investment that earns interest for a set period of time, also known as a term. The term is the length of time you agree to leave your money ...