View Certificate Of Deposit Example Background. Share certificates, which are the credit union version of cds, are also low risk, as they're insured. Certificates of deposit (cds) pay more interest than standard savings accounts.
Compare cd account types & rates. Cds can have any term, but federal reserve regulations require that it be at least 7 days. Certification refers to the confirmation of certain characteristics of an object, person, or organization.
Why does a certificate of deposit (cd) matter?
A cd, or certificate of deposit, is a type of savings account that has a fixed interest rate and a fixed term of months or years. Wondering if a certificate of deposit (cd) is right for you? Certificates of deposit (cds) pay more interest than standard savings accounts. Certificate of deposit (cd) accounts usually pay you a higher interest rate than a traditional savings account.