Question by  zoid (49)

How do I go about opening a money CD with a bank?


Answer by  flexwheel (171)

Check various banks' websites for interest rates and minimum balance information. When you find an offer you like, you can apply online, but you will probably want to go down to the branch. Bring ID and the money you plan to use for your deposit.


Answer by  drJ (841)

You can open an account online or in person. Online banks usually offer better rates. After your account is funded, you'll receive the certificate of deposit with important information.


Answer by  sara99 (851)

Cash or a check from the same bank can be used for a Certificate of Deposit. Some bank specials require "old" money and some require "new" money.


Answer by  Samantha57 (391)

You can open one online with some banks, or you can physically go to a bank. You may need a minimum deposit, so call the bank before you go.

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