What You Need To Know About CDs (Certificates of Deposit)

A CD, which stands for “certificate of deposit," is a type of savings account with a fixed rate and term. If you're interested in opening a CD, personal finance expert Kimberly Palmer thinks there are three things you should know.

Watch to find out if CDs are better than traditional savings accounts, if there are downsides of using them, and what you should look for when comparing the different options.

What Is a CD (Certificate of Deposit)? https://www.nerdwallet.com/article/ba...

CD Calculator: https://www.nerdwallet.com/article/ba...

Historical CD Rates: Highs, Lows and the Stories Behind Them: https://www.nerdwallet.com/article/ba...

9 Types of CDs: Which Should You Choose? https://www.nerdwallet.com/article/ba...

Opening a CD Account in 5 Steps: https://www.nerdwallet.com/article/ba...

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