Do you want to have all the information about CDs? Alfredo Barandiarán carries out an analysis for Responsible Economy on CDs, what they are, what they are for and which are the best banks to hire one. Welcome!
What are CDs?
CDs or certificates of deposit are a financial savings instrument. Thanks to CDs we can get interest with the money we have saved. The main function of the CDs is to obtain a remuneration so that our savings grow every year.
How do they work?
The operation of certificates of deposits is very simple. Banks offer a certain interest rate and a given time. You only have to make a deposit in the CDs and the bank will remunerate you the agreed interest rate during the time specified in the deposit contract.
You should also know that if you withdraw the money early you will have a penalty. You should try to keep the money in the bank for the agreed time.
Video with the best CDs in 2023
Here you have a video with the 10 best CDs that you can open in 2023 in the United States. We show you all features of each CD:
What are the best deposits?
We have made a ranking of the best certificates of deposit that you can open in the United States in 2023:

- 5% APY
- Minimum deposit: $0
- Term: 11 months
- Member FDIC

- 4,40% APY
- Minimum deposit: $5000
- Term: 12 months
- Member FDIC

- 4,65% APY
- Minimum deposit: $1000
- Term: 13 months
- Member FDIC

- 4,60% APY
- Minimum deposit: $0
- Term: 14 months
- Member FDIC

- 4,60% APY
- Minimum deposit: $1000
- Term: 12 months
- Member FDIC

- 4,55% APY
- Minimum deposit: $1000
- Term: 12 months
- Member FDIC

- 4,50% APY
- Minimum deposit: $0
- Term: 12 months
- Member FDIC

- 4,50% APY
- Minimum deposit: $1000
- Term: 12 months
- Member FDIC
Frequent questions
Now we answer all the questions you may have about certificate of deposit:
Related content
Finally, we show you related content of certificates of deposits:
American Express certificate of deposit review 2023
Do you want to see a complete review of the American Express certificate of deposit?…
What the difference between Chase checking accounts?
Do you want to know what the differences are between Chase checking accounts? From Responsible…
Do you want to know what are the best personal loans in 2023? From Responsible…
Discover it Miles credit card review
We show you Do you want to see a complete review of Discover it Miles…
Want to see a full review of Chime Credit Builder Secured? From Responsible Economy we…
Chase Freedom Flex credit card review
Do you want to see a complete review of the Chase Freedom Flex credit card?…
Chase Freedom Unlimited credit card review
Do you want to see a complete review of Chase Freedom Unlimited Credit Card? From…
Do you want to know all the credit cards that you can request with Ocean?…
Do you want to see a complete review of the SoFi credit card? From Responsible…
Updated the day 9 February, 2023 by Alfredo Barandiarán
- American Express certificate of deposit review 2023 - 23 March, 2023
- What the difference between Chase checking accounts? - 20 March, 2023
- Best personal Loans - 16 March, 2023