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Advertiser Disclosure: Many of the savings offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all deposit accounts available.
What's a CD?
Benefits of a CD
CD Interest Rates
Understanding Terms
CD Ladders
Choosing the Right CD

What is a CD (also known as a certificate of deposit)?

A certificate of deposit, or CD, is a timed savings deposit held by a bank. Unlike regular savings accounts, with a CD, you commit to depositing your money for a certain period of time, or term. Throughout the term, you earn a fixed interest rate, paid out at specified intervals. However, cashing out your CD funds early (that is, before the maturity date) will typically trigger an early withdrawal penalty and lost interest payments.

A CD offered by an FDIC member bank is a safe investment, protected up to standard FDIC limits -- currently $250,000 per depositor per institution.  For the grammatically inquisitive who have wondered what the plural form of certificate of deposit is, the answer is "certificates of deposit," not "certificates of deposits."

Why should I consider a CD? >>

 

Find a better rate with a new high-yield CD

 Account Type
 Term
 Amount

5 Yr. Term
$2000 Minimum to earn APY

2.25%APY

Rates as of 7/30/2015
FDIC Insured

Advertiser Comments

  • Member FDIC
  • Synchrony Bank was formerly GE Capital Retail Bank
  • Balances from $2,000-$24,999 earn 2.20% APY; $25,000+ earn 2.25% APY
 

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5 Yr. Term
$0 Minimum to earn APY

2.25%APY

Rates as of 7/30/2015
FDIC Insured

Advertiser Comments

  • Open a CD today to enjoy steady growth and guaranteed returns
  • Choose when to get paid interest: end of term, monthly, or annually
  • Your deposits are FDIC-insured up to allowable limits
 

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5 Yr. Term
$0 Minimum to earn APY

2.00%APY

Rates as of 7/30/2015
FDIC Insured

Advertiser Comments

  • Get our best rate with the Ally Ten Day Best Rate Guarantee.
  • Open and fund with any amount.
  • Member FDIC.
 

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Advertiser Disclosure: Many of the savings offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all deposit accounts available. Editorial Disclosure: This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author's alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program. UGC Disclosure: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.