Certificate of Deposit: What is a CD?

By |2022-09-29T15:11:58+00:00March 23rd, 2020|Banking Basics, SmartMoney Online|

CDs can have higher rates than standard savings accounts, but your cash isn't as accessible. What is a CD? Definition: A certificate of deposit, or CD, is a type of federally insured savings account that has a fixed interest rate and fixed date of withdrawal, [...]