A certificate of deposit (CD) is a low-risk deposit account that earns a fixed rate of return. In exchange for this ...

If you have a certificate of deposit, you may be able to use it as collateral for a loan Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on ...

Browse Investopedia’s expert-written library to learn more. CDs, along with other types of deposit products, do not build credit. Only borrowing money through some type of loan from a ...

Cashing in a CD early will result in a penalty. But it could make financial sense to do it. Learn what to expect when you ...

Learn how to make passive income through investing, real estate, sales, content creation and more. Try a combination of these ...

What Is a Budget? A budget is a method for organizing your money, including deciding exactly what items your income allows ...

When you open a CD at a bank or credit union, you agree to a term and a fixed interest rate. This means you know when your deposit will mature and how much interest you’ll earn during that term.

Check with your bank or credit union if you have questions about the maturity date of your CD. The institution will send you a notice before your CD matures. The maturity date is typically the ...

Short-term CDs typically are those that mature within one year, while long-term CDs have terms ranging from three to five ...

The good news is that thanks to these metrics, investors have many options to pick and choose from, making it easy to customize a CD investment from Alliant to your needs. Alliant Credit Union ...

Instead of having certificates of deposit (CDs) that accrue interest, credit unions offer “certificates” that accrue dividends. It’s slightly different terminology, but it works the same way.