With a Certificate of Deposit (CD), you can easily let your money grow in the background, guaranteeing you a return on your initial deposit as long as the money remains in the account and the minimum certificate balance is maintained.
CDs usually have higher interest rates than savings accounts, letting your money grow faster. Even though your money is committed for a set term, you can still withdraw your funds in the case of an emergency, although you incur a penalty of some accrued interest.
For more details about CDs, read our Certificate Truth in Savings and check out our current rates.
*APY = Annual Percentage Yield. Rates accurate as of 11/1/2020. Fees may reduce earnings. Early withdrawal penalty of 180 days interest applies. Account approval, qualifications, limits, enrollments and other requirements may apply. For full details, view the Certificate Truth in Savings Disclosure.