A certificate of deposit (CD), is a type of time-bound savings account that offers the opportunity to earn a higher rate of interest that’s guaranteed, based on a lump-sum deposit.

Certificates of deposit, or CDs, are also offering favorable terms and incentives for those looking to earn more interest. To get the most out of a CD it helps to first understand how it works as ...

1. Withdrawing interest. Often banks will give you the option of withdrawing interest as it accrues within your CD. You'll more commonly see this on long-term CDs (those with terms longer than 12 ...

Among certificates of deposit, you’ll find standard options along with specialty CDs like jumbo CDs, no-penalty CDs, step-up CDs, high-yield CDs, add-on CDs and callable CDs.

Not to be confused with the metallic music-playing discs of the '80s and '90s, CDs — formally known as certificates of deposit — are a savings option still very much in play.

Vault’s Viewpoint. You can open most certificates of deposit (CDs) online within a matter of minutes, although some financial institutions may require you to open an account in person.

Certificates of deposit can be a great way to earn interest and keep your money safe and secure. There are benefits to both short- and long-term CDs, so make sure you weigh your situation before ...