How do CDs (certificates of deposit) work?

Inside this Article
1. How do CDs (certificates of deposit) work?
2. Details on Certificates of Deposit
3. Lots More Information
4. See all Budgeting & Saving articles

Do you ever overhear co-workers drop comments like, "CDs are looking good this year," then you excitedly chime in to say something like, "Yeah -- are you excited about the new Amy Winehouse album?" When you realize that they're talking about certificates of deposit (CDs), you awkwardly back out of the conversation. If this sounds familiar, you're not alone. Most of us don't realize the wide range of investment options that fall between savings accounts and stocks.

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