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They may pay higher rates CDs come in many different and the issuer.
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Best CD Interest Rates 2022 - What is Certificate of Deposit - How To Get Best CD ReturnsA CD is a way to put away money beyond what you've accumulated in your savings account, without taking on much more market risk. CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty and generally higher interest. A certificate of deposit (CD) is a type of savings account that pays a fixed interest rate on money held for an agreed-upon period of time.