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What is the minimum deposit for a CD? Most CDs require at least $500 to $1,000 to open, though some have no minimum deposit requirements. Here are the minimum deposit requirements for some major banks. It's important to note that many financial institutions offer tiered interest rates.

Is There a Limit on CDs? There's no limit on the number of CDs you can have and it's possible to have multiple CDs at the same bank or different financial institutions. Whether it's appropriate for you to have more than one CD can depend on your financial goals and needs.

1-year CD rate: 0.96% 5-year CD rate: 0.91% 1-year jumbo CD rate: 1.00% 5-year jumbo CD rate: 0.94%

CDs can be purchased through financial institutions such as banks or credit unions or through the secondary market. When comparing CDs, consider the interest rate, minimum deposit requirements, and early withdrawal fees.

A certificate of deposit (CD) is a savings account that holds a fixed amount of money for a fixed period of time, such as six months, one year, or five years, and in exchange, the issuing bank pays interest.

A CD, or certificate of deposit, is a type of savings account with a fixed interest rate that's usually higher than a regular savings account. It also has a fixed term length and a fixed date of withdrawal, known as the maturity date. You lock funds in a CD for a term generally ranging from three months to five years.

A 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. Certificates of deposit require the account holder to deposit the funds for a specific period until a set maturity date.