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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

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Encyclopedia Articles

Discover the definition of financial terms related to cd accounts.

What is a Certificate of Deposit (CD)? Thumbnail

What is a Certificate of Deposit (CD)?

Jessica Walrack

What Is a Certificate of Deposit (CD)? Definition and How CDs Work Thumbnail

What Is a Certificate of Deposit (CD)? Definition and How CDs Work

Andrew Latham

What Is An IRA CD? Explanation, Pros & Cons Thumbnail

What Is An IRA CD? Explanation, Pros & Cons

Camilla Smoot

CD ladder explained: How it works, benefits, and strategies Thumbnail

CD ladder explained: How it works, benefits, and strategies

Abi Bus

Bump-Up Certificates of Deposit (CDs): Features, Benefits, and Considerations Thumbnail

Bump-Up Certificates of Deposit (CDs): Features, Benefits, and Considerations

Alessandra Nicole

Understanding Promotional Certificate of Deposit (CD) Rates: How They Work, Benefits, and FAQs Thumbnail

Understanding Promotional Certificate of Deposit (CD) Rates: How They Work, Benefits, and FAQs

Alessandra Nicole

No-Penalty Certificate of Deposit (CD): Features, Withdrawal Process, and Real-World Examples Thumbnail

No-Penalty Certificate of Deposit (CD): Features, Withdrawal Process, and Real-World Examples

Alessandra Nicole

What Are Step-up CDs & How Do They Work? Thumbnail

What Are Step-up CDs & How Do They Work?

Camilla Smoot

Bump-Up CDs: What Are They & How Do They Work? Thumbnail

Bump-Up CDs: What Are They & How Do They Work?

Camilla Smoot

What is an Add-On CD? Explanation, Pros & Cons Thumbnail

What is an Add-On CD? Explanation, Pros & Cons

Lacey Stark

Learn About CD Accounts

Thumbnail for Blog Article: Best Places To Keep Your Emergency Fund

Best Places To Keep Your Emergency Fund

Jamela Adam

Thumbnail for Blog Article: APR vs. APY: What's the Difference?

APR vs. APY: What's the Difference?

Bryce Sanders

Thumbnail for Blog Article: 5 Tips on How to Invest with CDs

5 Tips on How to Invest with CDs

Chip Stapleton

Thumbnail for Blog Article: The Pros and Cons of CD Investing in 2026

The Pros and Cons of CD Investing in 2026

Benjamin Locke

Thumbnail for Blog Article: Personal Banking Guide: Managing Your Finances

Personal Banking Guide: Managing Your Finances

Andrew Latham

Thumbnail for Blog Article: 8 Alternatives to Savings Accounts

8 Alternatives to Savings Accounts

Benjamin Locke

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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.