NEWSLETTERS
A Certificate of Deposit (CD) is a savings product offered by banks and credit unions that provides a fixed interest rate in exchange for keeping funds deposited for a specified term. CD terms typically range from a few months to several years, with longer terms generally offering higher interest rates. Unlike regular savings accounts, CDs restrict access to funds until maturity, with early withdrawals often incurring penalties. CDs are considered a low-risk investment, making them an attractive option for those seeking stable returns without market volatility. They are ideal for individuals looking to grow their savings over time while preserving capital.