Banking
CD / certificate
A deposit product that generally holds funds for a defined term and may limit early access.A deposit product that generally holds funds for a defined term and may limit early access.
Why a household might care
Provides a clearer household inventory and review reference.
Things to review
Cash set aside for a known time period Access, protection, fees, and terms vary by institution or provider. Educational information only—not legal, tax, medical, insurance, or investment advice.
Key points
- A deposit product that generally holds funds for a defined term and may limit early access.
- Early access may be restricted or carry a penalty; rates and protections depend on the issuing institution.