On average, short-term, 6-month certificate of deposit yields are down 24 basis points in the past year to just 1.57% APY, according to the latest government data. But banks and credit unions offering ...

What is a CD? A CD is a secure investment that generates income through fixed interest over a set period. See more.

A certificate of deposit typically offers a higher rate of return than a traditional savings account. Find out which type of CD might be right for you.

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How a certificate of deposit works. Certificates of deposit are a time-bound deposit vehicle that pays investors an annual percentage yield, or APY, for the duration of the account.

Certificate of Deposit Definition. 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, or ...

As of February 18, 2025, the weighted average interest rate for a 12-month CD was 1.80%, compared with 0.41% for a savings account and 0.64% for a money market account, according to the Federal ...

A certificate of deposit (CD) is a type of savings account that "pays a fixed interest rate on money held for an agreed-upon period of time," said Investopedia.

Bread Savings® (formerly Comenity Direct) offers a high-yield savings account and certificates of deposit but no checking accounts. The high-yield savings account offers an excellent 4.25% APY ...

Certificates of deposit offer stable investments with predictable returns, but you should understand the terms and features of a CD before you deposit funds. From interest rate earnings to early… ...