What is a cd person?

A CD person, also known as a Certificate of Deposit person, is someone who invests their money in certificates of deposit. CDs are fixed-term deposits offered by banks and credit unions that typically offer higher interest rates than regular savings accounts. CD persons are typically risk-averse and prefer the security of a guaranteed return on their investment. CDs have maturity dates ranging from a few months to several years, and the investor cannot withdraw the money before the maturity date without incurring penalties. CD persons often use this investment strategy as a way to safely grow their savings over time.