As we all know, Certificate of Deposits are issued by banks in any denomination and in a promissory note. Early withdrawal is subject to penalty. Certificate of Deposits are considered as time deposit ‘coz it limits the holders from withdrawing funds. When I applied my first certificate of deposit, I usually did not have a clear understanding. That is why I decided to ask one of my friend who already for a certificate of deposit before. From our discussion, I learned the steps on how to apply for a certificate of deposit, different interests, and terms. First thing, I did when I applied certificate of deposit, I just ask my bank that I want to get one. Considering that, I have enough money to be eligible. I got my certificate of deposit over the internet wherein I filled up the application form. I was instructed to input my personal information, contact number (so that they contact me), account options (wherein they can forward their response) confirm information (verifying the information I stated), and there is a “thank you” remark on the last part (message informing you had a successful transaction). After two business days, one of their representatives called me saying, I qualified of having certificate of deposit. Social Security Number and valid i.d. are also required when applying for certificate of deposit. In addition, based on my experience, you must have a certificate of deposit if you want your investment to be safe.