SuperMoney

CD Accounts

A CD account, also known as a certificate of deposit account, is a type of savings account that offers a higher interest rate in exchange for keeping a certain amount of money on deposit for a fixed period of time. CD accounts typically have a fixed interest rate and a fixed term, which can range from a few months to several years. Continue Reading Below  

Best CD Accounts Picks

View SuperMoney's picks for the best products in cd accounts by category.

About CD Accounts

A CD account, also known as a certificate of deposit account, is a type of savings account that offers a higher interest rate in exchange for keeping a certain amount of money on deposit for a fixed period of time. CD accounts typically have a fixed interest rate and a fixed term, which can range from a few months to several years. They are offered by banks and credit unions, and they are typically FDIC-insured or NCUA-insured, which means that the money deposited in the account is protected up to a certain amount in case the institution fails. CD accounts can be a good option for individuals who want to earn a higher interest rate on their savings and who are able to keep their money on deposit for a fixed period of time.