How To Guide For: A Look At Certificate Of Deposits (CD) --What Is It? Are People Still Using CDs? A

A Certificate of Deposit (abbreviated CD) is a financial product that is commonly sold by banks and credit unions. CDs are similar to savings accounts in that they are risk free. A CD has a fixed maturity date a specified fixed interest rate and can be issued in any value. The best part about the CD is that you can't touch or access the funds until the maturity date of the investment. The second best part is that CDs are FDIC insured up to $250,000 per individual. But do people still use this and for those who do can you really make money from having one. To learn more about CDs and if you can really earn anything from it --click the pictures below to read the articles.