Certificates of deposit are fixed-term deposits that earn you interest at maturity.
How to Invest in CDs
CDs Investing: FAQs
Are CDs better than investing?
CDs are better than investing if you want to earn interest on savings kept in a bank account for a few months to a few years. They are also a better choice for people looking to build risk-free portfolios. However, a well-diversified portfolio of stocks and other securities will offer higher returns in the long term.
How much interest can I earn on certificates of deposit?
Most banks offer interest rates of CDs up to 3% to 4%.
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