Certificate of Deposit (CD)
A Certificate of Deposit is issued to you by depositing your money for a specific length of time. You will earn money on this certificate over the course of the time. If you are looking for a place to invest some extra money, this is a secure and smart way to do it.
A certificate of deposit, or CD, is a savings account that typically has a higher interest rate than a traditional savings account. CDs are FDIC-insured and offer a fixed rate of return on your money for a set period of time.