Young couple going over their finances

Make Your Savings Work Even Harder with a Certificate of Deposit

A certificate of deposit (CD) is a low-risk savings account that has a fixed interest rate and withdrawal date. That means that Varsity will offer you a higher interest rate to save in a CD than a regular savings account as long as you can commit to not accessing the funds for a fixed term.

CDs are excellent options for someone who wants to encourage themselves to truly save their savings for the longer term since funds will be inaccessible. Plus, you’ll earn higher interest in a CD account than a regular checking or savings account.