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Highest Bank CD Rates and Certificate of Deposit explainedA certificate of deposit, also referred to as a CD, is a type of deposit account offered by various financial institutions, such as banks and credit unions. 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. A certificate of deposit typically earns higher interest than a traditional savings account. View Bank of America CD rates and account options.
