Are you looking for a better yield on your savings? Better investment rate for your earnings compared to a revenue market or savings account? A certificate of deposit is what will need to earn benefits for your investment over a short period of time. So, what is a certificate of deposit (CD)?

With a Certificate of Deposit (CD), the maturity date is fixed as is the interest rate. CDs do offer a financial advantage in terms of assured returns and security via the FDIC net. However, you can’t use the moneys before maturity. In case you opt for an early withdrawal, an early withdrawal penalty is levied.