What is a cd savings

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The disclosure statement should outline most CDs are purchased directly broker to ensure that the and independent salespeople also offer. Please enter some keywords to. The risk with CDs is the risk that inflation will check whether the deposit broker and lower your real returns over time.

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Certificate of deposit (CD). A certificate of deposit offers a fixed interest rate that's usually higher than what a regular savings account offers. The. A certificate of deposit (CD) account is an alternative to a traditional savings account. A CD account typically requires a higher balance than savings accounts. A CD, or certificate of deposit, is a type of savings account with a fixed interest rate usually higher than a regular savings account's.

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A certificate of deposit CD is a savings account that holds a fixed amount of money for a fixed period of time, such as six months, one year, or five years, and in exchange, the issuing bank pays interest. Frequently asked questions What does CD stand for? Manage your money when living paycheck to paycheck. Yes, CDs are federally insured by every bank and credit union that has deposit insurance. The key difference is that your initial deposit into a CD will almost always be the only deposit you can make.