Top-Rated CDs For You

A Certificate of Deposit (CD) is a low-risk savings product offered by a bank or credit union that pays a fixed interest rate for a specific period of time. When you deposit money into a CD, you agree to leave it untouched for the term length (like 6 months, 1 year, or 5 years) in exchange for a guaranteed return that's typically higher than regular savings accounts.

Yes, CDs are one of the safest investment options available. All CDs offered through CD Valet are from FDIC-insured banks or NCUA-insured credit unions.

CD rates (shown as Annual Percentage Yield or APY) are fixed for the entire term of your CD. Banks and credit unions offer higher rates on CDs because you commit to leaving your money deposited for a specific period. The longer the term, typically the higher the rate. Unlike savings accounts where rates can change daily, your CD rate is locked in.

Minimum deposits vary by financial institution and range from $0 to $25,000+. Many of our partner financial institutions offer CDs with no minimum deposit, making them accessible for any budget.

Yes! Many savers use a 'CD ladder' strategy where they open multiple CDs with different maturity dates. This provides regular access to your money while still earning higher rates. You can open CDs at different banks or credit unions to maximize FDIC or NCUA coverage beyond $250,000.

Most CDs can be opened online in 10-15 minutes. You'll need to provide basic personal information, choose your term and deposit amount, and fund the account. Some financial institutions may require additional verification, but most accounts are opened the same day.