Certificate of Deposit (CD)
A CD is a savings product that locks your money for a fixed term — from a few months to five years — in exchange for a guaranteed, usually higher, interest rate. Withdraw early and you forfeit some interest, so CDs suit money you won't need until a known date.
A 'CD ladder' splits money across staggered maturities so some comes due regularly while the rest earns longer-term rates. CDs are FDIC-insured, making them a safe way to lock in a rate when you expect rates to fall.
Put it to work
CD Calculator
Calculate a certificate of deposit's value at maturity, the interest earned, and the true APY from any rate and compounding frequency.
Savings Calculator
Watch your savings account grow: enter your balance, monthly deposit, and APY to see the future value and every dollar of interest along the way.