Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited.

What's the benefit of opening a Certificate of Deposit (CD) Account?
The benefit, as other answers have mentioned, is higher interest rates than are available compared to other comparable options.  My bank keeps spamming me with offers for a sub 1% APR savings account that only requires a $10,000 balance, for example.  While CDs and similar safe investments don't seem like they offer much value now (or in the recent past), that's because they strongly correlate to the federal funds rate, which is near historic lows.  See the graph of CD rates and the federal funds rate, here. You may have felt differently in July of 1984, when you could get a 5 year CD with an APR above 12%.  As you can see in this graph of historical CD yields, it hasn't always been the case that CDs offered such small returns.  That being said, CDs are safe investments, being FDIC insured (up to the FDIC insurance limits), so you're not going to get great rates from one, because there's basically no risk in this particular type of investment.  If you want better rates, you get those by investing in riskier instruments that have the possibility of losing value.