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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Discover the definition of financial terms related to cd accounts.

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Learn About CD Accounts

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How To Save Money

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Crescent Bank Increases the Interest Rate On Its Short-Term CD Account To 4.95% APY (March 2023)

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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.