Opening a Certificate of Deposit (CD) can be a smart way to earn interest on your savings. To get started, choose an FDIC- or NCUA-insured bank that meets your financial needs. Consider factors like flexibility, rate, and fees when selecting a bank. You'll need to provide a one-time deposit and fund your account through methods such as transferring from another bank, mailing a check, or direct deposit.

Before opening a CD, understand your financial goals and consider the features you want, such as higher APYs or no-penalty withdrawals. Be aware of potential fees and choose an account that suits your needs.

Source: https://www.cnet.com/personal-finance/how-to-open-certificate-of-deposit/#ftag=CAD590a51e