How CDs work
You lock money away for a fixed term in return for a fixed rate. Withdrawing early usually costs a penalty.
Frequently asked questions
Are CDs safe?
CDs at FDIC-insured banks are protected up to $250,000 per depositor, per bank.
CD Calculator
What a certificate of deposit is worth when it matures.
Your details
Value at maturity
$10,475.00
Interest earned
$475.00