Certificates of Deposit (CDs)

A Certificate of Deposit (CD) is a fixed-term savings account offered by banks, where you deposit money for a set period—such as 6 months or 2 years—and in return, earn a guaranteed interest rate. The longer the term, typically, the higher the interest. During this period, your money is generally inaccessible without penalty. CDs are a low-risk way to grow savings with predictable returns, ideal for funds you won't need immediately. At maturity, you receive your original deposit plus earned interest. They are a secure option for conservative investors seeking fixed income.