Certificate of Deposit (CD) Account FAQs

Learn the Basics of Certificate of Deposit (CD) Banks and credit unions, both offer depositors or members the option of purchasing CDs which are like savings accounts that you promise not to withdraw money from for a specific period of time. What to Do When a Certificate of Deposit (CD) Owner Dies Photo of Simon Zhen Simon Zhen What to Do When a Certificate of Deposit (CD) Owner Dies Why is that we always get stuck with the short end of stick when banks mess things up?...

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When Should You Open a CD Account Certificate of Deposits sound like a good way to save money, but how do you know you're ready for one? Here are three signs that show when to open a CD. Comparing Early Withdrawal Penalty Fees for CDs Putting Your Money in a Callable CD: How Wise Is It? Photo of Simon Zhen Simon Zhen Putting Your Money in a Callable CD: How Wise Is It? Despite CD rates staying at all-time lows these past few years, bank clients are... What is a CD Ladder and How to Use It to Maximize Yields Photo of Simon Zhen Simon Zhen What is a CD Ladder and How to Use It to Maximize Yields Laddering your CD portfolio is a good way of taking advantage of the highest CD... CDs vs Government Bonds: Which is Better? What are government bonds? MyBankTracker breaks them down and compares them to CDs, so you can decide which product is best for your savings. Money Market Accounts Vs. CDs: Which is Better? Learn the differences between MMA accounts and CDs accounts, pros and cons keeping money in each type of the account and where to maximize it. CD Vs. Savings Account: Which Is The Better Option For You? Photo of Simon Zhen Simon Zhen CD Vs. Savings Account: Which Is The Better Option For You? As with any type of bank account, the trade-off between a CD and a savings account...