Certificates of Deposit
A Certificate of Deposit (often called a CD) is a type of savings account with a fixed rate and fixed maturity.  That means that the interest rate on the money deposited is guaranteed, as long as the money remains in the bank for the time shown on the certificate.  There is an interest penalty if all or part of the deposited money is withdrawn before the maturity date.

Features
This is an FDIC insured deposit.  Checks may not be written against this account.  The interest rate is fixed for the term of the certificate.  Certificates may be automatically renewed at maturity.  The interest rates paid vary by maturity and may be found on the current rate sheet.  Interest earned on this account is subject to income tax and the bank issues a yearly IRS form 1099.  The depositor must supply the bank with a taxpayer identification number (social security number).

Rates
Certificate rates are found on the current rate sheet.