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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
$25000 Minimum to earn APY

2.25%APY

Rates as of 12/20/2014
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

2.00%APY

Rates as of 12/20/2014
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.