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How do CDs (Certificates of Deposit) work?

What is a CD (Certificate of Deposit)? How do I determine the best CD interest rate and term for me? This video in Freedom Bank’s Money Education series provides investing basics about Certificates of Deposits. Learn about CD rates, minimum deposits and term periods (e.g. 12-month CD or 24-month CD).

Make the Move to Freedom Bank for a variety of available options at competitive CD rates. You can open a CD account online or by dropping into any of our New Jersey bank branches.