High Yield CDs
Certificates of Deposit are issued by banks, thrift institutions, insurance companies, and credit unions and bear a maturity date, a specified fixed interest rate, and can be issued in any denomination. The term of a Certificate of Deposit generally ranges from one month to five years. High-Yield CDs are certificates of deposit that pay higher interest rates than CDs issued by larger financial institutions. High-Yield CDs that are FDIC insured will usually offer an above average rate of return for a limited time. CD's that carry no FDIC insurance tend to have higher yields based on increased risk and less security.
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