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.

For example, First Tech Federal Credit Union offers a promotional 6-month certificate with an APY of 5.05% and a minimum deposit of $500. Credit union share certificates: Tax form 1099-INT or 1099 ...

A certificate of deposit, or CD, is a savings product that offers a fixed interest rate in exchange for keeping your money in the account for a specified period, or term.

A certificate of deposit (CD) is a type of deposit account that offers a fixed interest rate. To earn that rate, you'll typically need to keep your funds in the account for a certain period of time.

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.

8 Things to Know Before Opening a Certificate of Deposit. Get answers to these questions before opening a CD. By Jessica Merritt | Reviewed by Mark Evitt | Edited by Katy Marquardt | Sept. 4, 2024.

Share certificates and certificates of deposit really aren't all that different, so the choice will come down to if you prefer to do business with a credit union or a bank. Share certificate vs ...