Learn all about various types of certificates of deposit, how they work and how they potentially fit into your savings and investment planning. Browse Investopedia’s expert-written library to ...

A certificate of deposit offers a guaranteed ... Long-term CDs typically pay a higher interest rate than shorter-term ones, Sun said. But average rates for one-year CDs are currently higher ...

An MCC is issued under a qualified mortgage credit certificate program. Individuals who qualify can claim the credit each year using Form 8396 for part of the home mortgage interest paid.