CD Types–it seems there are so many types of Certificate of Deposit investments to choose from these days. With so many choices in CD account types, it can be frustrating or even confusing for inexperienced investors. Even so, it is very important to understand the different types of CDs available. By learning about the different CD accounts available, you can make a more informed decision, and you can select a CD type that best accomodates your financial situation.
CD Types: Overview of Different Types
CD types may be distinguished based on a specific feature offered by a Certificate of Deposit account. Sometimes, the CD account type will be labeled by a name describing its main feature.
For example, “Jumbo CDs” are types of CDs that typically reserved for large investment sums (typically $100,000+). Callable CDs are certificates of deposit that are entitled to be called by banks. Variable rate CDs are CDs that may offer a fluctuating rate.
There are many different types of CD accounts offered by the various financial institution. On this page, you can view some of the most common and most popular account types offered. To learn more about the different CD types, just visit one of the CD types below. You can learn an overview of each account type, as well as learning some of the advantages and disadvantages of each account type.
CD Types: List of Different Types of CD Accounts
- Callable CDs
- Bump-up CDs
- Negotiable CDs
- Non-Negotiable CDs
- Insured CDs
- Auto-renew CDs
- Jumbo CDs
- Liquid CDs
- Brokered CDs
- Variable Rate CDs
- Zero Coupon CDs
- Add-on CDs
- Step Up & Step Down CDs
- CDs that Pay Dividends
- IRA CDs