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Certificate of deposit (CD)

Understand how certificates of deposit (CDs) work and how they can help your savings grow securely.

Editors' picks

Young couple deciding how much money to put on their CD account

How Much Money Should I Put in a CD?

Karen Axelton profile imageBy Karen Axelton
Nov 17, 2024
A woman received a statement from the bank about the CD.

What Is a CD?

Marianne Hayes profile imageBy Marianne Hayes
Aug 29, 2024
Young happy businessman sitting at the table typing on computer, researching the types of CDs

11 Types of CDs and How They Work

Tim Maxwell profile imageBy Tim Maxwell
Jun 23, 2023

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A mature couple is in their kitchen. A mature man is working on the laptop and his wife is next to him.

How Much Interest Do CDs Pay?

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How to Withdraw Money From a CD

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What to Do When Your CD Matures

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Jul 30, 2023

What Is a CD Early Withdrawal Penalty?

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Apr 22, 2023

3 Alternatives to CDs

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The latest from our experts

Best 3-Month CD Rates: Up to 4.25% for July 2025

If you’re looking for a safe place to park your money for a few months while earning a sol...

Tim Maxwell profile imageBy Tim Maxwell
Jul 28, 2025

Best 1-Year CD Rates: 4% or Higher for July 2025

Certificates of deposit, or CDs for short, typically offer higher interest rates than high...

Marianne Hayes profile imageBy Marianne Hayes
Jul 25, 2025

How Much $100,000 Could Earn in a CD

You can earn $4,150 by putting $100,000 in a one-year CD with a 4.15% APY, which is a comp...

Ben Luthi profile imageBy Ben Luthi
Jul 25, 2025

Best IRA CD Rates: Average 3.83% for July 2025

The best IRA CDs have a yield of 3.83% on average in July 2025, according to Curinos data ...

Ben Luthi profile imageBy Ben Luthi
Jul 22, 2025

Best 3-Year CD Rates: Up to 4% for July 2025

The best three-year CD APYs are over 4%, far surpassing the national average three-year CD...

Ben Luthi profile imageBy Ben Luthi
Jul 21, 2025

Best 6-Month CD Rates: Up to 4.25% for July 2025

The best six-month CD rates are over 4%, far surpassing the national average six-month CD ...

Tim Maxwell profile imageBy Tim Maxwell
Jul 21, 2025

Are CDs Liquid?

CDs provide a safe and secure place to stash your cash while usually earning more interest...

Jennifer Brozic profile imageBy Jennifer Brozic
Jun 9, 2025

Are CDs Safe and FDIC-Insured?

Certificates of deposit (CDs) offer fixed returns, higher interest rates than regular savi...

Tim Maxwell profile imageBy Tim Maxwell
Jun 6, 2025

Fixed Annuities vs. CDs: What’s the Difference?

If you’re seeking a safe way to grow your money, fixed annuities and CDs are two alternati...

Karen Axelton profile imageBy Karen Axelton
Jun 3, 2025

Why Do Longer CDs Have Lower Rates?

Historically, long-term certificates of deposit (CDs) have offered higher interest rates t...

Chelsea Beck profile imageBy Chelsea Beck
May 30, 2025

Annuity vs. CD: What’s the Difference?

An annuity is an investment commonly used for retirement savings that provides fixed payme...

Brianna McGurran profile imageBy Brianna McGurran
May 30, 2025

Do CDs Pay Interest or Dividends?

Certificates of deposit (CDs) pay interest, not dividends. Some financial institutions—inc...

Gayle Sato profile imageBy Gayle Sato
May 28, 2025

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