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What is an interest baring CD?

Updated: 4/28/2022
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16y ago

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An interest bearing CD (Certificate of Deposit) is when you deposit an amount of money, usually with a minimum limit, for a set amount of time, usually six months or one year. At the end of the term you can cash the CD in for the money plus interest earned. A good idea for making a little bit of money without having to part with it for too long.

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The absolute highest cd interest rates is about 10%


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CD interest rates are usually higher the longer the CD is and the higher the amount you commit to the CD. There are several sites that show the highest CD rates given different criteria.


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