There are some things to consider, however, before opening up a CD, as the terms of the agreement are specific.
Like a traditional savings account, they are a safe investment established through a bank or credit union, but generally CDs have higher interest rates - currently more than 4% - allowing you to make more on your return. Any product recommendations on GOBankingRates are independent and based on research and product testing.ĬDs, also known as certificates of deposit, are a great way to capitalize on your savings potential. Our reporters produce fresh and accurate content that is objective and ethically sound. At GOBankingRates, we’re deeply invested in the quality of our content.
