1. Traditional Certificate of Deposit Rates
In a traditional CD, a fixed amount of money is deposited, for a specified time period and thus you earn a specific rate of interest accordingly. The best cd rates are availible all over the web. When the maturity date arises, you can either cash out the CD or you could renew it for another year. Most banks will allow you to add additional money during the term or when you roll it over for another term. You must not try to withdraw the money before the end of the term. If you do so, then you will have to face a harsh penalty and this will lead to the loss of interest amount .

2. Bump-up Bank Interest Rates
If you feel that the rates are rising up and you would not prefer to commit your money at this point of time, in such a case, a Bump - up certificate of deposit would be just meant for you. This type of certificate allows you to take advantage of those times when there is a rise in interest rates.

3. Liquid
In a liquid CD, the consumers gets an opportunity to withdraw money from the CD without penalties. You will have to maintain a minimum balance in the account. The interest rate will usually be higher than a traditional CD of the same term and minimum. Federal Law says that the money should stay in the account for seven days before it can be withdrawn without penalty. Also, there will be limitations placed on the number of withdrawals per term.

4. Zero Coupon
The word “coupon” actually means an interest payment. Hence, zero-coupon CD indicates no interest payments CD. The zero-coupon CD functions the same way as a zero-coupon bond, there are no interest payments. You buy the CD at a deep discount to the par value- the amount you receive when the CD matures.

5. Callable CDs
If a CD is issued on a callable basis, the bank has the authority to “call” on it after the pre-set call- protection expires, but before the actual CD maturity date. Since it is you who is assuming the interest rate, the bank will usually pay a quarter to half a percent more on callable CD’S than traditional CD’S.

6. Brokerage CD
Brokerage CD’S are sold through a brokerage. Banks often use brokers as sales representatives to locate investors who want to purchase CD’S. The only way to be sure that you will receive your full principal and interest is to hold the CD until it matures.