How Do CDs Work? Everything You Need to Know
Credit Corp
MARCH 8, 2023
When opening a CD, you agree to let the bank keep your money for a set period of time. At the end of this timeframe, the bank agrees to return your money plus a set amount of interest. You also want to know how these interest rates are calculated. All banks charge some type of penalty for withdrawing your CD funds early.
Let's personalize your content