Dream Goal

Using a Certificate of Deposit

Certificate of Deposit

A certificate of deposit (CD) is a time deposit, a financial product commonly sold in the United States by banks, thrift institutions, and credit unions. CDs are similar to savings accounts in that they are insured and thus virtually risk free; they are "money in the bank".


  • 0.18%
Where To Get It:

  • Bank of America

  • FDIC insured up to applicable limits
  • $10,000 minimum opening deposit
  • CDs were guaranteed by the federal government up to $100,000