What is a certificate of deposit? How does a certificate of deposit work? Is a certificate of deposit a good investment? In this video, I answer all three of those questions about certificates of deposit, commonly known as a CD. You may have seen the option for a CD at your local bank or credit union, but maybe you weren't sure what it was. If so, this is the video for you! 0:00 - Introduction 0:46 - What is a certificate of deposit? 4:19 - Why do certificates of deposit exist? 5:56 - Is a certificate of deposit a good investment? 8:57 - Question of the Day ****************************** The Habit That Changed My Life: https://youtu.be/oL3eVoReKCQ My Debt Free Story: https://youtu.be/F-y-NYitK7c ****************************** Subscribe to the Practical Personal Finance Podcast today: https://practicalpf.buzzsprout.com/ Listen to the official Practical Personal Finance playlist on Spotify: https://open.spotify.com/playlist/3BImAYZ70puJih0OM3cQP7?si=ZAGZSlK2Q6GEzjLjQw866Q Want to have a chat about money? Send me a message on Instagram: www.instagram.com/practical_pf FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY. NOT LEGAL OR FINANCIAL ADVICE. The information provided in this video and on this channel is for educational and informational purposes only. It is not intended to be a substitute for legal or financial advice that can be provided by your own attorney, accountant, and/or financial advisor. Practical Personal Finance accepts no liability whatsoever for any losses or damages arising from your own personal financial decisions. You are advised to consult with your financial advisor, tax professional, or attorney regarding any and all financial decisions involving your own income and taxes.