Homepage
KidzSearch
Play Fun Mobile Games.
Games
Cool Videos for Kids.
Videos
Talk About Anything
Q&A
Social Network for Kids
KidzNet
Explore Popular Images.
Pics
Explore the Best Sites for Kids.
Websites
Listen to Streaming Music for Kids.
Radio
Facts for Kids.
Facts
Read About Cool Topics.
News
Browse Over 200,000 Student Articles.
Wiki
Learn How to Search with Boolify.
Boolify
Discover KidzSearch Apps
Apps
A certificate of deposit (CD) is a way to store money at a bank or credit union. A CD is written for a period of time: usually between three months and five years. The person who wanted the CD—the consumer—agrees to give the money to the bank for that period of time and may not take the money back until the time has expired. If the consumer takes the money back before the agreed amount of time, they will have to pay a penalty fee. Once your contract is over, you are given your money back plus the interest it earned. People open CDs instead of savings accounts because the interest is higher. A certificate of deposit (which is common only in the United States) is similar to a time deposit.