Understanding Certificates of Deposit

We often receive questions about certificates of deposit. Below please find answers to the most common questions we receive.

We often receive questions about certificates of deposit. Below please find answers to the most common questions we receive.

What does a CD stand for?

Certificate of Deposit

What is a CD?

A certificate of deposit (CD) is a low-risk savings tool that can boost the amount you earn in interest while keeping your money invested in a relatively safe way. Like savings accounts, CDs are considered low risk because they are FDIC-insured up to $250,000.

How do you use a CDs?

With a CD, you simply put a certain amount of money into a bank for a fixed amount of time. The bank then pays you interest on that money. At the end of the time period, when the CD reaches maturity, you receive your original deposit plus the earned interest.

Have more questions about Certificates of Deposit? We can help!

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The hyperlinks to other Internet sites are provided solely as a convenience to users of our Internet site. We have made a limited effort to determine that these links function properly. However, linked sites are not under our control, and we are not responsible for the contents of any linked site, or any link contained in a linked site. The inclusion of a link does not imply or constitute our endorsement, its ownership or management, the products or services it offers, or any advertisers or sponsors appearing on the linked web site.

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