APY
Annual percentage yield reflects the rate plus compounding over a year. Compare APY, not just the headline rate, and check whether it is fixed for the full term.
Certificates of deposit, explained
Find a CD that fits your savings plans.
Understand how rates, terms, minimum deposits and access to your money differ between CDs — then request information that matches the amount and timeframe you have in mind.
New to CDs? Start with CD terms explained or the FDIC coverage guide.
No account numbers or payment details required.
Plan with clarity
A CD trades access to your money for a set rate over a set time. Know the trade-off first.
What to compare
Four details that shape every CD
Term length
Terms commonly range from a few months to five years or more. Longer terms may pay differently, but tie up your money for longer.
Minimum deposit
Some CDs open with any amount; others require a set minimum. Make sure the minimum suits the money you actually plan to set aside.
Early withdrawal
Taking money out before maturity usually means a penalty, often a set number of months' interest. Read the exact terms before you commit.
Deposit coverage
CDs at insured institutions are protected
Deposit insurance from the FDIC (banks) or NCUA (credit unions) applies to eligible deposits held at an insured institution, up to applicable limits per depositor, per institution, per ownership category.
You can confirm any institution's insurance status yourself using the FDIC BankFind tool or the NCUA credit union locator — a quick check worth making before you open a CD.
How an enquiry works
- 01
Tell us your plans
Choose a savings range and the term you're considering.
- 02
Share contact details
Name, email and US phone, so a response can reach you.
- 03
Review before sending
Check everything, edit if needed, and send only when you're ready.
Tell us what you're looking for
This is an enquiry, not an application. No account is opened, and enquiries are not accepted in this preview.
Step 1 of 2 · Your plans
Request CD information
Choose the amount and timeframe you have in mind.