Compare Types of CDs

Certificates of Deposit (CDs) are a preferred choice for individuals seeking a low-risk investment avenue to securely grow their savings over a predetermined timeframe.

As a fixed-term financial product offered by banks and credit unions, CDs assure investors of guaranteed returns upon maturity, devoid of the market volatilities associated with other investment types.

As a fixed-term financial product offered by banks and credit unions, CDs assure investors of guaranteed returns upon maturity, devoid of the market volatilities associated with other investment types.

Type of CDs Best for
Traditional CD 1 month to 5+ years. Investors seeking guaranteed returns without needing immediate access to their funds
Bump-Up CD 1 to 5 years Investors who anticipate interest rates will rise and want the option to adjust
Liquid (or No-Penalty) CD 3 months to 1 year Investors needing some liquidity while earning higher interest than savings accounts
Jumbo CD Varies, typically 1 month to 5 years Investors with a large sum to invest (usually over $100,000) seeking higher interest rates
Brokered CD Varies, can be up to 10 years or more Investors looking for flexibility and potentially higher rates through the secondary market
Step-Up CD Fixed terms, e.g., 5 years Investors who want to benefit from potential interest rate increases over time

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