Certificates of Deposit (CDs)

Prepared by the BankingUS Editorial Team. Last reviewed October 25, 2026. How we review

A CD locks your money for a fixed term in exchange for a set rate. Withdrawing early usually triggers a penalty. Compare terms, APY and early withdrawal rules, and make sure the CD is FDIC- or NCUA-insured.

Verify with official sources

Start with the FDIC and confirm details with your provider.

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