Investing your money

A Certificate of Deposite is a 'time deposit' that cannot be withdrawn for a certain amount of period. CD's are like a saving accounts they are insured and risk free. But unlike a saving account they have a fixed time and interest rate. CD's are held until it matures then it can be withdrawn along with the interest your paid. Withdrawing a CD before it matures can have penalties though, and can be measured in months of interest or by paying a fine.