Certificate Deposit

A Certificate of Deposit is a savings certificate at various denominations issued primarily by commercial banks where the holder receives interest at a specified rate upon maturity. Investors searching for relatively low risk investments that can easily be converted into cash often turn to certificates of deposit CDs. A full service bank will typically be offering competitive products for checking and savings accounts and certificates of deposit. A CD, or Certificate of Deposit, is an investment usually made for a given period of time at a fixed rate of interest.