What's a certificate of deposit? A certificate of deposit (CD) is a savings account that earns interest on a lump sum of money for a fixed period of time, typically anywhere from three months to 10 years. CDs differ from savings accounts because the money must remain untouched for the entirety of their term or risk penalty fees or lost interest. CDs usually have higher interest rates than savings accounts as an incentive for lost liquidity. Enjoy the view of the beach from a recent trip to Jamaica! Find out more here: ➡️ https://www.harriswealthcoach.com//post/what-is-a-cd-ladder #certificateofdeposit #interestingfacts #harriscashcoach