A certificate of deposit, or CD, is a type of savings account that allows you to earn interest over a term of several months or years. CDs often pay out higher interest rates than traditional ...

When you open a CD and deposit your funds, you're agreeing to keep them there for the full term, which can range from a few days to five years — or more. Typically, the longer the term ...

Some of the best CD rates pay 5% APY (Annual Percentage Yield) or more during a term. Here's what you need to consider before opening a CD account. Understanding certificates of deposit A CD is a ...