Certificates of Deposit (CD) are offered by banks and are similar to savings accounts. They differ from savings accounts in that they are time based deposits. A CD is federally insured and considered low risk investments. The nice thing about investing your money in a CD versus a savings account is that banks typically offer higher returns because you agree to keep your money on deposit for a fixed term which can be in months or years. You can withdraw your principle plus interest once the CD matures.
Find a CD
Find a CD and compare rates from a number of providers using this tool from Bankrate.com.