Certificates of Deposit, also known as CDs, are savings accounts that typically have higher interest rates than both high-yield savings accounts and money market accounts. This is because they have one small catch: you won’t be able to touch your money until after a set amount of time.
In order to choose the CDs that works the best for you, you’ll need to shop around. When deciding on which bank to open your account with, you’ll want to compare interest rates (APY), term lengths, and minimum balances. Fortunately for you, we've done all the research, sorted through the details, and have created a comparison tool of the best CDs available.
Want to learn more about CDs and other high-interest savings accounts, check out our video playlist on Maximize Your Savings!.