YOUR FINANCIAL QUESTIONS ANSWERED
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Who issues Certificates of Deposit (CDs)?
A Certificate of Deposit (CD) is a savings account with a high interest rate on funds for a fixed time. Most banks and credit unions offer CDs.
When setting up a CD account, be sure you’re working with a bank or credit union that is insured by the Federal Deposit Insurance Corporation (FDIC) or National Credit Union Administration (NCUA). Banks or credit unions should publicly display their official FDIC or NCUA sign in their offices and websites.