A CD layer typically earns higher interest than a traditional savings account
Featured CD account | Fixed Term CD account | |
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Minimum opening deposit | $XXXX | $XXXX |
Term | ||
Annual percentage yield (APY) | depending on balance and term | depending on balance and term |
Additional deposits allowed? | No additional deposits until maturity | No additional deposits until maturity |
Early withdrawal penalty? |
A CD (certificate of deposit) is a type of deposit account that’s payable at the end of a specified amount of time (referred to as the term). CDs generally pay a fixed rate of interest and can offer a higher interest rate than other types of deposit accounts, depending on the market. These accounts typically provide security for longer-term savings and no monthly fees, but at the cost of access and liquidity of the funds.
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Fixed Term CDFeatured CD ( )
Amount | Interest Rate | Annual Percentage Yield (APY) |
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